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Bitcoin Blasts Past $104K—Wipes Out $400M in Shorts as Bulls Charge Toward New Highs
Bitcoin Blasts Past $104K—Wipes Out $400M in Shorts as Bulls Charge Toward New Highs
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Bitcoin just napalmed the bears. A violent surge to $104,000 triggered the mother of all short squeezes, vaporizing nearly $400 million in pessimistic bets against BTC. Now, with resistance levels obliterated, traders are eyeing uncharted territory.
The liquidation bloodbath—courtesy of leverage addicts who forgot crypto winters always end—cleared the path for what could be the next leg up. Meanwhile, Wall Street analysts scramble to revise price targets they swore were ’overly optimistic’ three months ago.
One thing’s certain: when Bitcoin decides to move, it doesn’t ask permission from the ’efficient market hypothesis.’ Buckle up.
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