Bitcoin

April

Coin

<ul class="news-points">
 <li>Bitcoin has staged a notable comeback, reclaiming $70K after a recent dip to $64.5K.</li>
 <li>Shorts suffer over $63 million in losses as BTC surges to an intraday peak of $72,700.</li>
 <li>In the past 24 hours, 51,087 traders have lost $171.57 million to liquidation.</li>
</ul>
In the last 24 hours, Bitcoin has engineered a notable comeback, reclaiming the $70K threshold after its recent bearish performance. Notably, BTC crashed to a low of $64,559 on April 3 but has rallied by over 10% to re-enter the $70K territory within the last 24 hours.
However, Bitcoin momentarily failed to defend this recently reclaimed $70K threshold amid a retracement to within the $68K territory shortly after. Meanwhile, short traders swiftly leveraged the uptick to open positions, betting against BTC’s performance.
Prominent market watcher, Ali Martinez, has called attention to this trend in a recent update on X. Martinez’s update emphasized the substantial capital at risk of loss should Bitcoin recover swiftly from the new retracement.&nbsp;
Citing data from derivative market tracking platform Coinglass, the analyst disclosed that nearly $72 million would be liquidated from Bitcoin traders should the…
The post <a href="https://coinedition.com/bitcoin-shorts-get-burned-amid-72k-surge-liquidations-top-170m/" rel="noopener noreferrer nofollow">Bitcoin Shorts Get Burned Amid $72K Surge, Liquidations Top $170M</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Shorts Get Burned Amid $72K Surge, Liquidations Top $170M

Coin Edition

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