renewed tensionsAmid rumors that the situation might not escalate further, BTC/USD staged an equally impressive rebound from the lows, reaching local highs of $65,190.on X , popular trader Skew noted that both long and short BTC positions were being burned by the volatility.
Skew added that spot demand was currently driving the rebound, which was only around an hour old at the time of writing. Bids filled during the trip below $60,000, he said, were “sizable.” “Doesn't look like much but thats $100M in $BTC bids just moved up below price to support the move up,” fellow trader Credible CryptoTotal cross-crypto short liquidations for the past 24 hours stood at $138 million.$70K BTC price by the halving? 5 things to know in Bitcoin this week
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