Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview
Mass Bitcoin liquidation
As the Bitcoin price initially rallied to $45,000, it caused $500 million worth of short positions to get liquidated. Bitcoin liquidation. Source: Bybt.com, Twitter (@cryptounfolded)
The term liquidation in the Bitcoin futures market refers to when... Read the latest cryptocurrency news here https://businessnewsideas.com
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Source: https://businessnewsideas.com/2021/02/09/stablecoin-flows-hint-at-50k-bitcoin-after-tesla-pump-liquidates-500m-in-btc-shorts/
https://www.youtube.com/watch?v=8j6L5oqwQZM
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