Bitcoin Recovers to $113K After $21B Liquidation Event

Analyst Scott Melker describes the rebound as a "small miracle," with 97% of Bitcoin supply now in profit following the sharp drop.

BTC

Summary

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Terms & Concepts
  • Liquidation: The forced closure of leveraged positions when margin requirements are not met, often resulting from rapid price declines.
  • BTC Supply in Profit: A metric showing the percentage of Bitcoin currently held at a value higher than its acquisition cost.
  • Bull Run: A sustained period of rising cryptocurrency prices driven by strong investor demand.