tldr; Bitcoin’s recent price surge led to $209 million in liquidations within 24 hours, with short positions accounting for over $170 million (82%). Bitcoin rose 2% to $89,700, driven by spot investors accumulating amid improving market liquidity. However, analysts caution that without a breakout above the $90,000–$92,000 resistance zone supported by increased spot demand, rallies may face retracements.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Fear_Blind83 on
James is not Wynning… Now he’s trying desperately to pump his PEPE bag on X 🙄
No-one wants your frog shitcoin dude 🐸
GranulatGondle on
What rebound?
Creepy_Comment_1251 on
None of the it’s a liquidity grab at the beginning of the year to go short. No bottom wick on the year candle.
MariachiArchery on
Tomorrow morning this same article will be posted, except it will read:
>Bitcoin’s slump wipes out over $170M in long positions
7 Comments
only degens would trade future in this market
oh no! whales eating whales
tldr; Bitcoin’s recent price surge led to $209 million in liquidations within 24 hours, with short positions accounting for over $170 million (82%). Bitcoin rose 2% to $89,700, driven by spot investors accumulating amid improving market liquidity. However, analysts caution that without a breakout above the $90,000–$92,000 resistance zone supported by increased spot demand, rallies may face retracements.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
James is not Wynning… Now he’s trying desperately to pump his PEPE bag on X 🙄
No-one wants your frog shitcoin dude 🐸
What rebound?
None of the it’s a liquidity grab at the beginning of the year to go short. No bottom wick on the year candle.
Tomorrow morning this same article will be posted, except it will read:
>Bitcoin’s slump wipes out over $170M in long positions
And we’ll be right back to the 87k range.