$BTC Short Liquidation: $6.6244K at $97,417.9
The crypto market is ablaze as Bitcoin $BTC continues its unstoppable rally, triggering a short liquidation worth $6,624.4 at an eye-watering price of $97,417.9.
This event is a testament to BTC’s explosive momentum, leaving bearish traders scrambling as they face significant losses.
1. BTC’s Unrelenting Surge: Bitcoin’s price skyrocketed to $97,417.9, breaking through resistance levels and leaving shorts exposed.
2. Short Liquidation Dynamics: When BTC’s price rises, short sellers (those betting on a decline) are forced to buy back at higher prices to close their positions, resulting in a cascade of buy orders that push the price up further.
3. Significant Liquidation Amount: The liquidation of $6.6244K underscores the scale of the bearish bets and the intensity of the subsequent
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