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BTC Shorts Liquidated After Week Above $83K
Bitcoin (BTC) reached $83,545.58 after nearly $140 million in shorts were liquidated following a week of BTC trading above $83,000. The market mood remains bullish, but there is a cooling of greed. GTC experienced a significant gain of 47%, while W, STRK, and ENA saw substantial losses. The bearish leverage cluster between $86,000 and $88,000 is a potential liquidation magnet. Crypto liquidations have reached $304 million ahead of this week's US CPI and PPI reports. Fear & Greed index is at 57, indicating a cooling of greed but no panic yet. Analysts are closely watching the upcoming CPI and PPI prints, which could lead to further liquidations if the numbers are hot.