Bitcoin liquidations top $283M after short squeeze sends BTC price above $75K

Bitcoin liquidations top $283M after short squeeze sends BTC price above $75K

1.48%BTC$74,630 0.33%XLM$0.1662 3.84%TRX$0.3252 0.01%XMR$344.81 0.59%DOGE$0.09771 0.63%BCH$449.77 1.58%ADA$0.2549 2.25%BNB$629.38 0.81%ETH$2,326 1.39%SOL$87.72 2.81%HYPE$43.29 3.57%XRP$1.43 1.67%USD Written by Biraajmaan Tamuly,Staff WriterReviewed by Ray Salmond,Staff EditorBitcoin liquidations top $283M after short squeeze sends BTC price above $75K4 hours agoBitcoin consolidates between $73,000 and $75,000 as liquidations trigger a short squeeze, but weak spot demand keeps the upside momentum in check. Bitcoin (BTC) traded between $75,000 and $73,000 over a three-hour period during the New York market open on Thursday, and the abrupt downside move liquidated $283 million in futures positions. The resulting short squeeze pushed BTC back toward $75,000, but sustaining the rebound will require steady buying volume in the spot market. A sharp move lower to $73,200 from $75,400 triggered a

Source: https://cointelegraph.com/news/bitcoin-liquidations-top-dollar283m-after-short-squeeze-sends-btc-price-above-dollar75k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound