Bitcoin bulls reply with a $150M quick squeeze above $53K — Can BTC go larger? By Cointelegraph

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Bitcoin bulls reply with a $150M quick squeeze above $53K — Can BTC go larger?

Roughly $150 million price of shorts have been liquidated inside a span of hours as the worth of (BTC) rose from round $47,000 to over $53,000 on April 26.

The cryptocurrency market as a complete noticed a robust quick squeeze, as Ether (ETH), Binance Coin (BNB), and different main cryptocurrencies additionally rose by round 15% in the identical interval.

Bitcoin futures funding fee. Supply: Bybt.com
Bitcoin quick liquidations. Supply: Glassnode
4-hour worth chart (Binance). Supply: Tradingview, Johnny