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Bitcoin (BTCUSD) Dives Near Support as Long Squeeze Risks Mount

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin struggles near $72,000 as it diverges from record-high equity markets.
  • Analysts highlight potential for a 'long squeeze' due to excessive leverage and declining spot volume, warning that failure to hold current support levels could lead to further downside volatility before any potential recovery.
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BTCUSD price history

77200.44 +13.04% over the displayed period

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