Bitcoin price breaks $69000, $1.1 billion short position cleared within 60 minutes

After a 7% increase in Bitcoin within an hour, the probability of reaching $70000 this month has risen to 72%. （Watcher.Guru）

The BTC price briefly rose above $69000, causing a short position worth $500 million to be liquidated within minutes. The rise in BTC prices has led to a decrease in open contracts due to forced liquidation of positions. The market is dominated by short positions in this uptrend. （glassnode）

BTC rose about 6% while ether, solana and crypto stocks climbed after the Treasury doubled the size of its bond buybacks.

[Main password: Coinbase BTC has a market price transaction order of 13.22 million US dollars] Noticeable liquidity pressure emerged, market sentiment might escalate after sudden capital movements...

The price of Bitcoin surged towards $70000, resulting in the liquidation of short cryptocurrency positions worth $1.14 billion within an hour. （Decrypt）