10 Articles
10 Articles
The bitcoin has once again broken the $80,000 barrier for the first time this year, with a rise that has surprised those who were betting on new falls. The movement has swept some 300 million dollars from the market in bearish positions in just a few hours, and has dragged upwards the shares of listed crypto companies such as Coinbase and Circle. The figure is equivalent to about 68,000 euros to the current change and represents a considerable l…
Bitcoin Near $80,000 Triggers $370M Liquidations as Shorts Get Squeezed
Why Did Bitcoin’s Move Trigger Heavy Liquidations? Bitcoin’s brief move to $80,594 on Monday caught bearish traders offside again, triggering $370 million in total crypto liquidations over 24 hours across 97,235 traders, according to CoinGlass data. Short liquidations accounted for $301.93 million of the total, roughly 4 times the amount liquidated from long traders. Bitcoin alone accounted for $179 million of the wipeout, while Ether traders ad…
Bitcoin’s price rose again momentarily above USD $80,000, driven by capital inflows, a short squeeze, and geopolitical factors. However, the cryptocurrency failed to maintain the brand and traders keep coverage in the face of macro uncertainty. *** Bitcoin exceeds USD $80,000 and breaks a key psychological resistance. After the impulse, it receded below USD $79.000. More than USD 309 million in liquidated bassist positions within 24 hours after …
The course of the bitcoin continues to display its upswing resilience since the end of February and the geopolitical conflict in the Middle East. Worn by a "short squeeze" movement, the BTC has joined the $80,000. Can it go even higher in the short term? The article How far can the "short squeeze" of Bitcoin go? Vincent Ganne's analysis appeared first on Cryptoast.
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