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Close to the 80k level! Shorts suffer a bloodbath, BTC is about to take off?
Bitcoin surged to $79,488, just one step away from the 80k mark. Ethereum simultaneously broke through $2,400, and mainstream coins all rebounded.
In the past 24 hours, the entire network was liquidated of $217 million, with $181 million in short positions, over 74k people liquidated, and shorts experiencing a brutal bloodbath.
Positive news lands: US-Iran tensions ease, Federal Reserve chair nomination boosts crypto, US military operates Bitcoin nodes, spot BTC ETF has seen net capital inflows for four consecutive weeks, and institutions continue to accumulate.
The market predicts a 74% chance that BTC will break 80k by the end of the month. Do you choose to chase the rally or position strategically?