Recent bullish signals suggest a potential surge, despite ongoing market corrections.resilience is being tested as it battles to reclaim the $70,000 threshold, a price point teeming with potential liquidations.
Short sellers, laden with bearish bets, are closely monitoring every market tick, with significant financial stakes hanging in the balance.Bitcoin was trading at $65,802 at press time, reflecting a slight uptick of 0.7% over the last 24 hours, yet it still records a nearly 7% drop over the past week.This sentiment is primarily fueled by the extensive amount of short positions totaling $1.
Source: Digital Coin News (digitalcoinnews.net)
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