Yonhap Infomax NewsBitcoin surged nearly 5% to recover $69,000 on March 2nd, but market experts attribute the rally to short squeeze liquidations rather than fresh buying, warning that without sustained spot demand the rebound could quickly lose momentum as Bitcoin remains below the $75,000 resistance level.
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https://en.infomaxai.com/news/articleView.html?idxno=107680
Bitcoin Surges 5% in 'Short Squeeze' Rather Than Fresh Buying
Bitcoin surged nearly 5% to recover $69,000 on March 2nd, but market experts attribute the rally to short squeeze liquidations rather than fresh buying, warning that without sustained spot demand the rebound could quickly lose momentum as Bitcoin remains below the $75,000 resistance level.