Bitcoin rebound
A rebound in Bitcoin above $93,000 could lead to significant short liquidation pressure on major centralized exchanges, amounting to $1.186 billion. This potential rebound highlights the volatility within the cryptocurrency market and the financial implications for traders holding short positions. If Bitcoin’s price surpasses this threshold, it could result in widespread liquidations, intensifying market dynamics. The cumulative short liquidation pressure reflects traders’ strategies and the broader sentiment within the cryptocurrency ecosystem.
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