rises too much, short sellers are liquidated, meaning their short position is closed by the crypto derivatives exchange. According to Bitfinex researchers, a significant number of liquidations took place on Jan. 14.
Bitfinex analysts further detailed that a retraction in bitcoin’s price still remains probable. “While it is typical for bear markets to have a complete wipeout of shorts,” the analyst noted. “The entire rally has been built on the backbone of continuous market shorts keeping funding low and prices being pushed up by forced liquidations and running stops. So, a pullback in bitcoin price remains a possibility.
How will this affect the further movement of bitcoin?
That's why i prefer to avoid trading
It is dangerouse but someone got it all
Bullish Bitcoin
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