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🔥 Bitcoin Explosion and the Beginning of the Great Rise...
This is the phrase people in this field love to read most in Twitter posts.
In short:
A large number of traders were betting on a rise, and leveraged positions accumulated. The result was a drop in Bitcoin to liquidate these positions.
After the liquidation, Bitcoin's true trajectory becomes apparent.
$BTC
{spot}(BTCUSDT)
$BCH
{spot}(BCHUSDT)