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Bitcoin Reclaims $63K, Triggering $540M Short Liquidations
Bitcoin's recent climb above $63,000 led to the liquidation of $540 million in short positions, marking the highest such event in seven weeks.

Bitcoin's recent climb above $63,000 led to the liquidation of $540 million in short positions, marking the highest such event in seven weeks.

Bitcoin has experienced a sharp 17% decline over four days, triggering $4.5 billion in liquidations and raising concerns about its ability to hold the $60,000 support level.