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#BTCT he Bitcoin market witnessed a clear bullish trend yesterday, resulting in a large number of short positions being liquidated. The total liquidation volume was recorded at around $136 million, of which $117.6 million (over 86%) were short liquidations, while long liquidations were only $18.4 million.#BTC
The market witnessed intense volatility of over 3.65%, which further accelerated this liquidation spike. During this time, around 8,409 traders liquidated their positions.#BTC
This situation clearly indicates a short squeeze, which usually occurs when the price moves sharply upwards and short position holders are forced to close their positions—often considered a sign of further bullish momentum in the market
#BTC #BTC
The market witnessed intense volatility of over 3.65%, which further accelerated this liquidation spike. During this time, around 8,409 traders liquidated their positions.#BTC
This situation clearly indicates a short squeeze, which usually occurs when the price moves sharply upwards and short position holders are forced to close their positions—often considered a sign of further bullish momentum in the market
#BTC #BTC
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