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It's Big & Big #alert About $BTC Liquidation $85 Million Shortrs
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Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC price target.
Bitcoin upside strength causes pain for shorters, but doubts remain over whether the BTC price rally can last much longer.
Bitcoin BTC $70,962 traded above $70,000 on May 21 after relentless bidding produced snap BTC price upside.
Bitcoin buys fuel march past $69,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to hold its latest reclaimed ground around key psychological levels.
Bitcoin surprised into the previous daily close, with repeat lots of buy liquidity boosting the market to nearly $72,000.
In doing so, the largest cryptocurrency crushed short sellers, with $85 million in BTC shorts alone wiped in the 24 hours to the time of writing, per data from monitoring resource CoinGlass.
Commenting, statistician Willy Woo noted that bulls were tackling overhead resistance in place for a month or more.