America’s Bitcoin buying turns negative as BTC drifts closer to the $57,300 liquidation trap

Bitcoin is trading near $59,800, down roughly 16% month-to-date as US buying turns negative. The pullback has brought BTC closer to a cluster of leveraged long positions below $60,000, with a key liquidation level around $57,300. A breach of that level could trigger forced liquidations and amplify short-term downside risk.