₿ Bitcoin breaks above $85,000 — $648 million in shorts liquidated
Bitcoin has risen above $85,000. The move began with a short squeeze, but was then supported by spot buyers.
During the rally, $648 million worth of short positions were liquidated across the entire crypto market. At the same time, one of the sell-pressure indicators is near record low levels, which suggests that there are extremely few sellers right now.
Bitcoin has risen above $85,000. The move began with a short squeeze, but was then supported by spot buyers.
During the rally, $648 million worth of short positions were liquidated across the entire crypto market. At the same time, one of the sell-pressure indicators is near record low levels, which suggests that there are extremely few sellers right now.
