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Bitcoin Breaks Above $75K, But Bears Refuse To Blink

· NewsBTC

Bitcoin Breaks Above $75K, But Bears Refuse To Blink

Bitcoin rose above $75,000, driven by inflows into US-listed ETFs and MicroStrategy buying. Derivatives data shows traders are betting against a breakout, raising the risk of a short squeeze. The market is in a standoff, with Bitcoin climbing 14% since April lows, but a potential sharp reversal looms if short positions unwind.

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Bitcoin Breaks Above $75K, But Bears Refuse To Blink — Chainshorts | Chainshorts