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💰 $BTC : After long liquidations this weekend, which wiped out $5 billion in open interest, the market has sharply shifted to short positions.
Right now, there’s $5.14 billion in short liquidations hanging over us.
I wonder if they’ll take them next week or keep pushing the price even lower to lure even more people into short positions?
For now, we’re holding around 78k, but the US has plans to launch additional strikes on Iranian military infrastructure. Whatever else happens, this could push oil prices up again.
#Bitcoin #GateSquareMayTradingShare