Bitcoin Price Prediction: Why Did BTC Trigger Back-to-Back Short and Long Squeezes in a Single Session?
Market Intelligence Analysis
AI-PoweredThe Bitcoin price has triggered back-to-back short and long squeezes in a single session, leading to a significant decline in price due to liquidations exceeding $658 million in the last 24 hours, primarily affecting optimistic positions.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Another day, another red Bitcoin candle. Why is crypto crashing? Liquidations have exceeded $658 million in the last 24 hours, primarily affecting optimistic positions, intensifying the downward move amid thinner, year-end trading volumes. This deleveraging process appears driven by efforts to scale back excessive borrowing built up during recent rallies, ...
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