Surging Short Liquidation Risk as Bitcoin price Dips Under $64,000. BTC's price wavered around $63,815, reacting to geopolitical tensions, with support forming near $64,000. Liquidity increased, with a sizable asks cloud hovering between $64,765 and $67,700. Meanwhile, bid interest remained modest around $63,500. Bitcoin filled one of two recent CME Group futures gaps. Traders emphasize healthy funding rates for a gradual price recovery. Short-term sentiment suggests capped upside and spot price consolidation. US spot Bitcoin ETFs saw net outflows. Notably, BlackRock's largest ETF had zero inflows. Hong Kong is set to introduce spot ETFs on April 30, furthering Bitcoin's institutional adoption.
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Surging Short Liquidation Risk as Bitcoin price Dips Under $64,000.
BTC's price wavered around $63,815, reacting to geopolitical tensions, with support forming near $64,000. Liquidity increased, with a sizable asks cloud hovering between $64,765 and $67,700. Meanwhile, bid interest remained modest around $63,500. Bitcoin filled one of two recent CME Group futures gaps. Traders emphasize healthy funding rates for a gradual price recovery. Short-term sentiment suggests capped upside and spot price consolidation. US spot Bitcoin ETFs saw net outflows. Notably, BlackRock's largest ETF had zero inflows. Hong Kong is set to introduce spot ETFs on April 30, furthering Bitcoin's institutional adoption.