Bitcoin bears at risk of $600M liquidation, raising chance for rally to $70K
Despite bearish pressure and weak US economic data, Bitcoin's recovering hashrate and new onchain security protocols raise the chance for a surge to $70,000.
Key takeaways: <ul><li>A minor 4.3% Bitcoin price increase to $69,600 could trigger over $600 million in forced liquidations for bearish traders. </li><li>Rising network hashrate and the BIP-360 qu… [+4515 chars]