Bitcoin eyes either $124k or $108k before Christmas as leverage thins after $1.7B in liquidations
Bitcoin price traded close to $113,000 on Monday after a weekend liquidation that wiped greater than $1 billion in leveraged longs, with derivatives and macro gauges now central to the subsequent transfer. Spot hovers round $112,965 intraday, about 10% under the current peak, as the market digested final week’s Federal Reserve rate cut and a…
