Odaily News Despite $170 million in margin liquidations, Bitcoin buying in the spot and futures markets supported the upward momentum of BTC prices. Weak demand for stablecoins in China and limited use of futures leverage suggest that Bitcoin's current rally is sustainable. Although the surge in Japanese government bond yields and market concerns about credit risks once affected market sentiment, Bitcoin prices showed resilience at the $102,000 support level on May 19. At the same time, China's USDT transactions were slightly discounted, indicating that this round of gains was not driven by FOMO sentiment. The lack of excessive leverage in the Bitcoin futures market and the lack of panic inflows in the Chinese market are key factors for continued price increases, paving the way for stronger bullish momentum above $105,000. (Cointelegraph)