US EditionBitcoin (BTC): $115,000 Next? 7,000,000,000 Pepe (PEPE) Long Is Born, Dogecoin (DOGE) Short-Term Rally Incoming?
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Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts – DG Verifications & Stats
Improving US macroeconomic data gave Bitcoin price a boost, but onchain data points to prolonged profit taking among BTC investors. Market Analysis Key takeaways: Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions. Onchain indicators enter overheated territory, suggesting prolonged profit taking from BTC investors. Bitcoin (BTC) showed strength on May 27, briefly tagging $110,700 aft…
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