After a short-term drawdown from $50,255 to $48,500 on the evening of February 13, over the next 12 hours, Bitcoin added more than $3,000 to its value. On the weekly timeframe, the price increased by more than 20%. The latest grids added about 4% to the asset value.
On Wednesday evening, the weighted average exchange value of BTC tested the level of $51,600 – $51,824.
Coinglass platform leads data according to which short positions of traders worth more than $130 million were liquidated on centralized cryptocurrency exchanges in one day.
The day before, Skybridge Capital founder Anthony Scaramucci recommended that investors not refuse to buy Bitcoin, even if its rate exceeds $50,000.
Source: Bits
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