Bitcoin Reclaims $64K After $62.8K Dip as $108M in Short Liquidations Fuel Rebound
Bitcoin reclaimed the $64,000 mark following a brief flash crash to $62,800, bringing its total July gains to nearly 10%. Key TakeawaysBitcoin reclaimed $64,000 on Tuesday, rallying past a brief flash crash to $62,800.Market volatility sparked $145 million in liquidations, wiping out $108 million in short positions.Bitfinex analysts predict future Bitcoin recovery depends tightly on stronger exchange-traded fund inflows. Analysts Eye a Potential Floor Bitcoin reclaimed $64,000 on Tuesday, just hours after it dipped to $62,800, maintaining its July upward momentum. Market data shows the cryptocurrency initially breached the $64,000 mark late Monday afternoon, threatening to test $64,700. Shortly after hitting a 24-hour peak of $64,657, bitcoin began a downtrend that nearly erased the previous days gains. Just after midnight, the trend reversed as the cryptocurrency climbed back above $63,000. It held above that threshold until 10:30 a.m., when a brief flash crash dragged it back to $62,800. Volatility was on display again as it raced back to $64,140, representing a 24-hour gain of 0.5% at the time of writing. Exactly seven days into July, bitcoin has risen by nearly 10%, a remarkable turnaround for an asset that recorded its second-worst June on record. The marginal increase lifted its market capitalization to $1.28 trillion, helping









