Bitcoin Rally Takes Strategy From $9.5B Underwater to $4.7B Paper Profit in 7 Days
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A seven-day Bitcoin rally flipped a previously $9.5 billion underwater strategy into roughly $4.7 billion in paper profit. The speed of the turnaround indicates that leveraged positions and short-covering likely amplified the move and contributed to outsized flows and liquidations. For Bitcoin, this underlines heightened sensitivity to leverage-driven momentum, increasing near-term volatility and the risk of sharp reversals if that momentum ebbs.
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