Bitcoin Quickly Drops 3.5% After Surging Past $16k—Here’s Why It’s Healthy

The price of Bitcoin (BTC) just surpassed $16,000 on the fourth retest. Yet, across BitMEX and Bitfinex, short liquidations totaled around $13 million. This shows that rather than an overheated futures-driven rally, the ongoing uptrend is organic. Still, the price of Bitcoin declined by 3.5% swiftly after reaching $16,160 on major exchanges including Binance. Within […]
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Author: toutiao