Bitcoin surged toward the $80,000 mark, triggering more than $116 million in crypto liquidations within an hour, including $114 million in short positions. The move showed strong bullish momentum as traders betting against BTC were forced out. Although Bitcoin briefly broke above $79,000, it faced rejection near $80,000 and pulled back while still holding key support levels. This matters because a successful reclaim of the $80,000 zone could increase the chances of BTC moving higher to fill the important $84,000 CME futures gap.
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