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Bitcoin Surpasses $93,000 as Political Uncertainty Fuels Its Appeal as a Hedge Against Economic Instability

Bitcoin has surged past the $93,000 mark, reflecting its resilience amid conflicting economic signals from the Trump Administration. This surge is attributed to growing investor sentiment as Bitcoin becomes increasingly CoinOtag

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Bitcoin Shorts Worth $280 Million Liquidated With 6x Leverage Amid Potential Short Squeeze

Over the past 24 hours, Bitcoin short positions valued at approximately $280 million have been liquidated, indicating a strong upward movement in the cryptocurrency`s price. Earlier reports noted that two wallets, likely controlled by the same entity, had shorted Bitcoin with six times leverage at prices around $92,469 and $92,665, with position sizes totaling $74.5 million and liquidation prices set above $107,000. The rapid liquidation of these short positions suggests a potential short squeeze and a shift in momentum favoring Bitcoin bulls. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag