The period of inactivity appears to have come to an end, at least momentarily, with the cryptocurrency marking significant increases twice within the last 48 hours. Bitcoin has surged by over three thousand dollars during this period, while daily liquidations have rocketed to over $125 million. This surge comes after a significant drop following the U.S. SEC’s approval of nearly a dozen spot Exchange-Traded Funds (ETFs) on January 10, and particularly after these ETFs became available for trading the following day. The recent recovery in the market hints at a pre-halving bullish rally and BTC price might aim for $50K in the coming days, significantly plunging market interest on altcoins.
https://blockchainreporter.net/crypto-market-sees-nearly-125-million-liquidations-as-bitcoin-touches-46500-altcoin-interest-declines/
off. Shorters are playing with fire here.
This is literally just whales clenching their buttholes to reduce risk.