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via CoinDesk · By CoinDesk Staff
Why bitcoin’s recent climb to $80,000 might just be a temporary liquidity squeeze
BTC
BTC/USDT
$63,141.16
+0.14%
$63,141.16
+0.14%
(24s)24h Volume
$2,818,498,674.02
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.7%
Long: 68.7%Short: 31.3%
Funding Rate
+0.0043%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(01:44 PM UTC)
1 min read
Spot ETF outflows and a hawkish Federal Reserve are creating a "macro ceiling" that makes a new all-time high unlikely without a major geopolitical shift.
Bitcoin’s onchain metrics are flashing their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the road to new highs will not be easy, Bitfinex shared in an analyst note to…
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