Bitcoin is trading near $80,000, with heavy liquidations confirmed following a break of technical resistance. When prices rise rapidly, "short" positions—bets that the price will fall—are forcibly closed by exchanges to cover losses. This $104M squeeze occurred as traders' bearish bets were "liquidated," further fueling the upward momentum. $BTC
BTC
71,197.57
-3.42%
ETH
1,997.17
-0.48%
XRP
1.295
-2.65%
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