Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions

Key takeaways: Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000. Spot volumes are driving the Bitcoin price rally. Derivatives positions with a bearish bias remain at risk of liquidation. Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at $74,400 source: https://cointelegraph.com/news/bitcoin-rallies-as-bulls-eye-100-k-and-bears-rush-to-cover-shorts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound