# Whipsaw Related Articles

Bitcoin whipsaw liquidates nearly $300 mln in 24 hours – What comes next

Bitcoin experienced extreme volatility, liquidating nearly $300 million in positions within 24 hours. After hitting a local top of $69,988, it dropped nearly 10% to $63,030, then rebounded sharply by over 7%. Both long and short positions were significantly affected, highlighting high market risk. Despite the turbulence, the defense of the $62.9k support level and the breach of a previous lower high on the H4 chart suggest a bullish short-term bias. Healthy spot trading volumes support the rally, though upcoming market sessions may influence further price action.

ambcrypto03/01 07:02