Bitcoin price is now eyeing the $73,000 level, right under its all-time high, where new short positions are beginning to stack up.
Over $102 million worth of leveraged short positions were liquidated in the past 24 hours as Bitcoin (BTC) was trading above $70,400. Is the breakout from BTC’s weekly price range confirmed?
Following April 8’s weekly high of $72,668, Bitcoin price retraced to trade above the $70,413 mark, falling 0.55% in the 24 hours leading up to 9:45 am UTC, according to CoinMarketCap data.
Following BTC’s rise to its weekly high, over $102 million worth of leveraged short positions were liquidated in the cryptocurrency market during the past 24 hours, with a total of $186.8 million worth of total liquidations, according to Coinglass data.
