Short Sellers Wiped Out As Bitcoin Surges To 74,000 Dollars

Bitcoin reached $74,000 and the rally left its marks. Indeed, a wave of liquidations swept away the most exposed positions, hitting short sellers first. This movement raises questions: what drives the market in the short term? Two key readings emerge. The first is related to microstructure, with pockets of liquidity likely to serve as benchmarks for upcoming movements. The second comes from institutional flows, driven by the return of inflows on US spot ETFs.

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