Bitcoin rebound
If Bitcoin rises above $104,000, significant short liquidation pressure on major centralized exchanges is expected to total $1.353 billion. This potential liquidation reflects the trading dynamics within the cryptocurrency market. Traders who have taken short positions could face substantial losses if the price of Bitcoin increases past the $104,000 mark. The scale of this liquidation pressure indicates heightened trading activity and market volatility among Bitcoin investors. Investors are closely monitoring Bitcoin’s movements, as a rebound could lead to significant shifts in market sentiment and trading strategies.
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