"Bitcoin (BTC) price fell 7% on July 8, leading to the liquidation of $62 million in long positions. However, a subsequent 7% price rally caught short sellers by surprise, leading to liquidation $96 million short position 📉📈

The German government transferred 16,308 BTC to brokers and exchanges in the past 24 hours, reducing the purchasing power of Bitcoin traders. But this is also good news for Bitcoin supporters because the selling pressure is decreasing.

Analysts believe that Bitcoin investors will wait until the German government completes the sale. On the other hand, the distribution of funds from the bankruptcy of the FTX exchange can also be used to buy cryptocurrencies.

Futures and options markets also support Bitcoin optimism. However, there are still many unstable factors in the macroeconomic situation.

Let's discuss this situation!#Bitcoin#CryptoNews"