Bitcoin Price Surges Close to Record High as Short Positions Liquidated

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Bitcoin,Price Surge,Record High

Bitcoin price reaches $72.7K, just shy of its previous record high, leading to increased liquidations of short positions. Market watchers have mixed predictions for the upcoming Bitcoin halving event, with some expecting a correction and others anticipating a dump. BitMEX exchange founder, Arthur Hayes, believes that the halving will lead to a slump in crypto prices due to a liquidity crunch.

extended its recovery and hit $72.7K, just an inch away from its mid-March record high of $73.7K. The extra recovery saw more bears punished as liquidations of short positions spiked.

BitMEX exchange founder, Arthur Hayes, sees April as excellent for short trade positions due to the incoming liquidity crunch. In a recent Based on the projection, the dump could ease in early May, similar to what Hayes thinks could be the best time to resume trading. Part of Hayes’s post read;data

 

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