US EditionBitcoin’s $5.5K Pump Triggers Mass Liquidations: $500M Loss In 24 Hours
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Bitcoin’s $5.5K Pump Triggers Mass Liquidations: $500M Loss In 24 Hours
Large-scale liquidations took place when Bitcoin prices surged to exceed $93.5K in recent times. Daily market losses reached $500 million after short positions faced massive liquidations during the previous 24 hours since October. An unexpected Bitcoin price increase from $88,000 to over $93,500 sparked the rapid string of liquidations since many traders failed to anticipate this sudden movement. Over $500M in short positions were liquidated i…
Bitcoin Clears $93K as Short Sellers Face Heavy Liquidation
BTC broke above $93K and ended its daily downtrend after strong selling pressure at $75K. Analysts expect the next dip near $86K to confirm a higher low and support further gains. The Fear and Greed Index recovered to neutral, showing stronger trader confidence. Bitcoin has flipped its trend structure, surging past $93,000, which confirms a major breakout and traps bearish traders across key price zones. On April 23, Bitcoin traded at $93,708.78…
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