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Bitcoin’s $60,000 breach triggers $48M in short liquidations – More to come? Ambcrypto 14 sept. 2024

Bitcoin’s $60,000 breach triggers $48M in short liquidations – More to come? 📈

Traders Bitcoin

Bitcoin’s recent breach of $60,000 has triggered $48 million in short liquidations. This significant price movement has led to increased confidence among traders regarding Bitcoin’s future performance.

The liquidation of short positions signifies that many traders were betting against the cryptocurrency, anticipating a price drop that did not materialize.

The confidence in Bitcoin's price rise could potentially lead to more upwards momentum in the near future.

Source : ambcrypto.com ↗

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