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Bitcoin Hits $87K After A Massive Short Squeeze

47m ago•
Cointribune
bullish:

0

bearish:

0

A gigantic personified Bitcoin bursts vertically through a metal platform marked simply 87000. Bitcoin occupies about two-thirds of the upper section of the image. Its motion generates a massive orange shockwave that sweeps across the entire trading floor. Below, a platform filled with traders and leverage mechanisms is struck by the wave. Gears burst, chains snap, and immense piles of capital are hurled into the void. Several traders who were betting on a decline stare at Bitcoin with panic-stricken expressions as their machines are automatically crushed by gigantic mechanical jaws.

Bitcoin nearly reached $87000 before falling back to around $85000, after a rise largely amplified by the liquidation of short positions. About one billion dollars of leveraged bets were immediately closed in the crypto market.

L’article Bitcoin Hits $87K After A Massive Short Squeeze est apparu en premier sur Cointribune.

47m ago•
Cointribune
bullish:

0

bearish:

0

BitcoinBitcoin
0.87%
$85,923.32
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