Bitcoin rebounds above $83,000 as oil slides and shorts get liquidated
- —BTC +1.04% to $82,558; ETH +1.99% to $2,437; XRP +2.22% to $1.32
- —BTC liquidations over 24 hours hit $76 million, including $45.7 million in shorts
- —Open interest climbed 3.75% to $388.65 billion
- —ZEC +8.24% to $1,215.89; XMR +4.93% to $620.71; PEPE up over 12%
Why it matters: The rally rests on short liquidations while spot demand stays weak, leaving room for a sharp drop if $80,000 breaks.
Source: Blockmedia