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Today was a hectic day in the crypto market. The price of Bitcoin has surpassed the significant level of $76,000, leading to a large number of short positions being liquidated in the market and creating a positive wave among investors. However, serious security issues have also emerged alongside this bullish trend. A fake Ledger app on the Mac App Store has stolen millions of rupees worth of assets from users, while the Ethereum-based DeFi platform CoW Swap had to be suspended after a security attack.
The Bitcoin chart that explains everything! Those who say that there is no liquidity below 60 thousand are either lying or have no idea what they are talking about. The reality is that there is a lot of liquidity between 53-57k, and similarly, there is also quite a bit of liquidity between 76-85k. Market makers generally hunt liquidity on both sides, and this is what makes the current situation dangerous for most traders who do not understand the full picture.
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Bullish
*💰 BTC jumped almost 5% on the ceasefire (not yet finalized) news.*
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