Bitcoin’s price action has shown intense strength in recent days to finally bounce fully from the weakness in late June. After briefly dipping into the low $108,000 range in the past 24 hours, Bitcoin managed to surge to a new all-time high of $112,022. According to data from Coinglass, this move was enough to cause over $470 million in short liquidations across the crypto market.
Bitcoin’s latest price behavior has sparked a shift in sentiment and aligns with the argument that the window for shorting may have officially closed. According to crypto analyst CrediBULL Crypto, it is now effectively “illegal” to short Bitcoin.
New Bitcoin Impulse May Have Already Started
Trending: We Asked AI Who Wrote the Fake Trump-Epstein Note, And the Answer It Gave Blew Our Minds
Taking to the social media platform X, crypto analyst CrediBULL Crypto noted that it is
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!