Two highly leveraged BTC shorts were squeezed by the rebound, and $21.6 million in positions have begun entering the liquidation queue.
Let's look at both sides:
Bullish case: bad news has already been priced in, which actually means there is less uncertainty;
Bearish case: confidence is affected, and short-term buyers will be more cautious;
My view: both sides make sense, but the real answer still depends on the price and trading volume of $BTC and which side they support.
$BTC is currently reported at 82624.01, 24h -0.63%, 24h range 80393.56 ~ 83170.
#BTC
This article is for information sharing only and does not constitute investment advice.
Let's look at both sides:
Bullish case: bad news has already been priced in, which actually means there is less uncertainty;
Bearish case: confidence is affected, and short-term buyers will be more cautious;
My view: both sides make sense, but the real answer still depends on the price and trading volume of $BTC and which side they support.
$BTC is currently reported at 82624.01, 24h -0.63%, 24h range 80393.56 ~ 83170.
#BTC
This article is for information sharing only and does not constitute investment advice.