Bitcoin climbed back above $81,000 on Tuesday, erasing Monday’s losses after a sharp rejection around the $80,000 level that had pushed the price below $79,500. Two short positions totaling 101 BTC, approximately $8.14 million, were liquidated during this upward move. A major investor also pocketed approximately $11.6 million in profits by closing long positions. The Bitcoin Fear and Greed Index now stands at 74, signaling greed. However, the psychological $80,000 level remains crucial in determining whether the current recovery can develop into a sustained bullish trend.
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