For the first time, Bitcoin has reached a new all-time high in both EUR and USD terms before the halving event.
From a historical perspective, it is unusually early. Because the last ATH lasted βonlyβ 845 days, which was about 300 days too early.
(https://twitter.com/ChartsBtc)
Shortly thereafter, a significant long squeeze occurred, resulting in a total of approximately $1.1 billion in leveraged positions being flushed out.
As a result, the BTC price corrected by 14% in five hours. However, the correction was bought up again relatively quickly.
(Tradingview)
Was that the correction? Actually yes, but I don't assume so. Normally he should stab it again.
