Why Bitcoin’s $80,000 rally just flipped from short squeeze to long squeeze
CryptoSlate2h agoUpdated 7m ago
Smart Read
Bitcoin's brief pullback below $78,000 triggered more than $300 million in crypto liquidations as traders took profits after a sharp $80,000 rally driven by Treasury developments, ETF inflows, and a squeeze on bearish positions. Data from CryptoSlate shows that the largest cryptocurrency fell as low as $77,870 during…
Coins in this story
Discussion
Related stories
Decrypt
Digital Euro Will Offer 'Maximum Level of Privacy,' ECB Board Member Says
Piero Cipollone said the Eurosystem would not be able to link individuals to transactions, though the banks handling them still could.
Decrypt
Revolut Launches Euro-Pegged EURR Stablecoin
EURR has gone live for selected customers in Denmark, Poland and Portugal, with a Luxembourg subsidiary of Stripe holding the reserves.
Decrypt
Morning Minute: LayerZero Announces ATLAS as New Settlement Engine
The market liked the news, with ZRO up 10% and jumping nearly 50% off its local bottom.
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.