✉news BusinessCrypto first seen 9 h ago, last 5 h ago, peak #19
Bitcoin's $87K Test Liquidates $122M in Short Positions
Original: Bitcoin’s $87K Test: $122M in Short Positions Get Liquidated
Bitcoin pushed toward the $87,000 level, triggering roughly $122 million in liquidations of short positions as traders betting on a price decline were forced out. The move has reignited debate over whether the cryptocurrency can hold key resistance or whether further volatility lies ahead for leveraged traders.
Why now: Large-scale short liquidations at a key price level are drawing attention from traders watching Bitcoin's next directional move
Evidence
- Bitcoin’s $87K Test: $122M in Short Positions Get Liquidated · Altcoin Buzz
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