Bitcoin Hits $71,000 as Investors Liquidate Short Positions 🚀
Bitcoin surged over $71,000 with a 5% rise in 24 hours, fueled by $143 million in short position liquidations. Discover what’s driving the latest crypto rally!
Benzinga
309 views • Oct 29, 2024
About this video
Bitcoin soared past $71,000 in Asian markets on Tuesday, marking a 5% jump in 24 hours, per CoinGecko. The rally follows the liquidation of $143 million in short positions, signaling trader confidence in a strong outcome for the crypto market. Whale activity on Binance has fueled strong buying demand, with Bitcoin ETFs experiencing substantial inflows over recent weeks. Major cryptos like Dogecoin and Ethereum also surged.
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Views
309
Duration
0:35
Published
Oct 29, 2024
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