1 month ago
8
Key Takeaways
- Bitcoin and Ethereum are bouncing from yesterday’s lows of $59,010 and $1,550.
- Total crypto liquidations hit $1 billion over 24 hours across 177,031 traders.
- The drop was a long squeeze; the bounce is now squeezing recent shorts.
- Bitcoin spot ETFs saw a $469M outflow on June 24, accelerating the break.
- Thin recovery volume suggests short covering more than fresh buying.
On the 2-hour charts, the recovery is clear but worth reading carefully. Bitcoin climbed $2,697, about 4.57%, off its low over roughly 14 hours.
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