🚀 Price & Market Momentum# BTC#

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The price spike has led to significant market activity, with nearly $530 million in short positions liquidated as traders betting against Bitcoin faced losses .

🏛️ Institutional & Government Developments

A major development is the launch of a $3.6 billion Bitcoin investment venture by Cantor Fitzgerald, in partnership with SoftBank, Tether, and Bitfinex. The initiative, named Twenty One Capital, will start with 42,000 BTC, making it the third-largest Bitcoin reserve globally .

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📊 Technical Indicators

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🌐 Broader Market Impact

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Let me know if you'd like more detailed information on any of these topics or other aspects of the cryptocurrency market.