Short Liquidations Fuel Bullish Momentum, Paving Way for Bitcoin’s Rise to $70K

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Short Liquidations Fuel Bullish Momentum, Paving Way for Bitcoin’s Rise to $70K On October 14, 2024, Bitcoin surged past $66,000 for the first time since September 27, igniting optimism among investors and analysts alike.

Analysts like Brianq highlight the significance of these liquidations in fueling bullish momentum, supported by increased trading volumes and fresh capital inflows.

Santiment’s data further highlighted that Bitcoin experienced the second-highest level of DeFi liquidations in three months, reminiscent of past events that triggered substantial rallies.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Short liquidations Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 06:27:19 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23068454

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 9 hours ago

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