Due to the rapid rise in the price of bitcoin, a large number of short positions were forced to liquidate, in the previous 24 hours yesterday short liquidation of $200 million, the last 24 hours, bulls and bears are basically flat, last night DTCC website problems caused bitcoin to fall deep rebound, this large-scale rise is similar to the strength of the short liquidation on August 18 this year, when the price of bitcoin fell below $25,000. Now that market sentiment has reversed and fear has diminished, this can also be seen in the market's rally. At the level of around $35,000, the price may have some stagnation or sharp fluctuations in the consolidation range
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Due to the rapid rise in the price of bitcoin, a large number of short positions were forced to liquidate, in the previous 24 hours yesterday short liquidation of $200 million, the last 24 hours, bulls and bears are basically flat, last night DTCC website problems caused bitcoin to fall deep rebound, this large-scale rise is similar to the strength of the short liquidation on August 18 this year, when the price of bitcoin fell below $25,000. Now that market sentiment has reversed and fear has diminished, this can also be seen in the market's rally. At the level of around $35,000, the price may have some stagnation or sharp fluctuations in the consolidation range
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