Bitcoin Breaks $90,000,Triggering.
$160M In.Iiquidations 👇🪙👇
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BITCOIN SURGED MORE THAN $2,600 IN FOUR HOURS EARLY MONDAY, TRIGGERING OVER $160 MILLION IN FORCED LIQUIDATIONS ACROSS CRYPTOCURRENCY DERIVATIVES MARKETS AS THINLY TRADED HOLIDAY CONDITIONS AMPLIFIED A SHARP REVERSAL THAT CAUGHT BEARISH TRADERS OFF GUARD
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THE RALLY PUSHED BITCOIN ABOVE $90,000 ON DECEMBER 29, WITH SHORT POSITIONS ACCOUNTING FOR THE VAST MAJORITY OF LIQUIDATIONS AS THE BROADER CRYPTO MARKET CAPITALIZATION JUMPED $80 BILLION TO RECLAIM THE $3 TRILLION THRESHOLD
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THE COORDINATED MOVE ACROSS MAJOR CRYPTOCURRENCIES DURING THE YEAR-END TRADING LULL UNDERSCORES HOW REDUCED LIQUIDITY CAN MAGNIFY PRICE SWINGS AND ACCELERATE LOSSES FOR LEVERAGED POSITIONS
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