CoinScoopBitcoin price recovers to $77,400 amid short liquidations
CryptoQuant analyst Axel Adler Jr. reported that Bitcoin rose from $76,300 to $77,400 over the past 24 hours. Data indicates that short liquidations are currently driving market momentum, with buying pressure briefly outpacing selling pressure. However, the analyst noted that this trend is not yet fully confirmed and prices could face renewed pressure if the indicator turns negative.
Summaries are written by AI from the original article. Not investment advice.