Bitcoin’s climb to $70k could trigger $1.6 billion in short liquidations
Cryptopolitan2024/09/25 16:00
By:By Nellius Irene
Share link:In this post: As Bitcoin hovers near key resistance levels, speculation is growing that the leading cryptocurrency could soon test the psychological barrier of $70,000. An estimated $1.6 billion worth of short positions could face liquidation if it does. Bitcoin’s open interest (OI) has plummeted by over $1.2 billion.
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