Derivative Market Short Squeeze Action


This latest price increase was triggered by a short squeeze phenomenon. There were massive liquidations on bearish bets (short positions with leverage) worth approximately $96 million. These forced liquidations forced traders to buy back Bitcoin in a short time, creating instant buy pressure that pushed the price above the psychological level of $64,000.$BTC $ETH $XAUUSD
BTC-0.36%
ETH0.04%
XAUUSD-0.10%
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