Strategy's Saylor urges investors to "stay calm" as Bitcoin surges 299% amid liquidation imbalance.
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According to CoinWorld, Michael Saylor's meaningful "stay calm" tweet coincided with a significant short squeeze in bitcoin, with $50.46 million in short positions liquidated within 24 hours, while only $16.85 million in long positions were liquidated. Currently, the price of bitcoin remains around $88,140, and the 299% liquidation imbalance favors the longs, highlighting the immense pressure faced by over-leveraged sellers.
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