Bitcoin Market Rocked By $1.6 Billion Wave Of Aggressive Selling

If Bitcoin closes above $80,000 on a daily candle, a short squeeze could send prices racing toward $82,230 — a level that hasn’t been tested in seven months. Related Reading: XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide That’s the scenario analysts are watching after a massive wave of selling halted Bitcoin’s climb at a key resistance zone over the weekend. Short Sellers Dominate The Derivatives Market Data from Binance futures shows nearly 63% of open positions are