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Crypto Markets Rebound as Short Liquidations Surge and Institutional Buying Returns

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The Story

News Summary

  • Cryptocurrencies rebounded as a short squeeze, driven by massive liquidations and institutional Bitcoin purchases by Strategy Inc., offset recent bearish sentiment.
  • Easing geopolitical tensions in the Middle East and technical recoveries from oversold conditions further bolstered market optimism, despite continued outflows in spot ETF products.
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ETHUSD price history

2515.58 +30.29% over the displayed period

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