As reported by AMBCrypto, Bitcoin rallied 11.81% from its December 1 low of $84k to reach the $94k resistance level within 48 hours. The surge was driven by positive Bitcoin ETF flows since November 25 and the U.S. Federal Reserve’s end of quantitative tightening on December 1, which injected $13.5 billion into the banking system. CoinGlass data showed $223 million in Bitcoin liquidations in the past 24 hours, with $209.5 million in short liquidations. The broader crypto market saw $492.11 million in liquidations, $418.53 million in short positions. Despite the rally, the long-term trend remains bearish, with heightened volatility expected.
Bitcoin Surges 11.81% Amid Fed Liquidity and ETF Inflows
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