Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
Jul 26, 2021
coindesk.com
Bitcoin’s short squeeze finally hit — but the #rally was short-lived. ⚡ After blasting through $110K and liquidating #billions in shorts, $BTC briefly reached $113K before cooling off back to $108K. Now, traders are split: was this just a temporary relief rally, or the first spark of a deeper recovery? It may only take one more strong breakout to flip momentum again. But until then, #Bitcoin stays range-bound — hovering between consolidation and comeback. 🟠 #Shortsqueeze #Liquidation #Liquidati
0:33
Bitcoin’s short squeeze finally hit — but the #rally was short-lived. ⚡ After blasting through $110K and liquidating #billions in shorts, $BTC briefly reached $113K before cooling off back to $108K. Now, traders are split: was this just a temporary relief rally, or the first spark of a deeper recovery? It may only take one more strong breakout to flip momentum again. But until then, #Bitcoin stays range-bound — hovering between consolidation and comeback. 🟠 #Shortsqueeze #Liquidation #Liquidati
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