RATE Group | Bitcoin [BTC] Avoids a Price Squeeze to $9,000, as Tesla Soars over Bleeding Shorts
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Bitcoin [BTC] Avoids a Price Squeeze to $9,000, as Tesla Soars over Bleeding Shorts

31 Jan Bitcoin [BTC] Avoids a Price Squeeze to $9,000, as Tesla Soars over Bleeding Shorts

Posted at 07:31h in Bitcoin News by

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Bitcoin [BTC] price looked prime for a run up to the $10,000 mark. The uncertainty in the market was palpable as the open interest and long orders continued to rise. However, while Bitcoin [BTC] ranged around $9350-$9600, Tesla [TSLA] logged a high at $650 on Thursday.

Reportedly, a 11% rise in Tesla yesterday caused a short order liquidation of more than $1.5 billion.  The price has been in an uptrend since October last year.

tesla
Tesla/USD Price Daily Price Chart (TradingView)

Moreover, $TSLA has soared more than 52% in the month of the January alone. The compiled liquidations of betting against Tesla has risen to $5.2 billion for the year.

The CSO of Coinshares, Meletem Demirors, leading digital assets firm in the US tweeted, on the success of tech assets like Tesla shares, Bitcoin prices including Beyond Meat, the vegan substitute of meat. She tweeted,

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