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Over $1 billion was liquidated in the crypto market, with Bitcoin shorts accounting for $658 million. Analysts predict Bitcoin could rally to $130k-$168k, while Ethereum shows a 6% surge. The market faces a massive short squeeze as traders brace for volatility.
- Bitcoin shorts accounted for $658M of the $1B total crypto market liquidations in 24 hours.
- Analysts predict Bitcoin could rally to $130k-$168k, citing a bull flag breakout and Fibonacci extensions.
- Ethereum surged 6% to $2,970, with trading volume up 32% to $38B amid broader market volatility.
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