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Bitcoin Breakout May Have Triggered Significant Short Liquidations Amid Market Imbalance
The post Bitcoin Breakout May Have Triggered Significant Short Liquidations Amid Market Imbalance appeared on BitcoinEthereumNews.com. Bitcoin’s recent surge past the $118,000 mark triggered an unprecedented wave of short liquidations, underscoring a dramatic shift in market sentiment. This breakout was characterized by a staggering 1,722% imbalance favoring long positions, a rare occurrence that highlights the aggressive liquidation of bearish bets. According to CoinGlass, nearly $3.66 million in shorts were liquidated within 12 hours, signaling a decisive momentum shift in Bitcoin’s price dynamics. Bitcoin’s breakout above $118K caused massive short liquidations, revealing a rare market imbalance and signaling strong bullish momentum in crypto trading. ‘, ‘
The post Bitcoin Breakout May Have Triggered Significant Short Liquidations Amid Market Imbalance appeared on BitcoinEthereumNews.com.
Bitcoin’s recent surge past the $118,000 mark triggered an unprecedented wave of short liquidations, underscoring a dramatic shift in market sentiment. This breakout was characterized by a staggering 1,722% imbalance favoring long positions, a rare occurrence that highlights the aggressive liquidation of bearish bets. According to CoinGlass, nearly $3.66 million in shorts were liquidated within 12 hours, signaling a decisive momentum shift in Bitcoin’s price dynamics. Bitcoin’s breakout above $118K caused massive short liquidations, revealing a rare market imbalance and signaling strong bullish momentum in crypto trading. ‘, ‘
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