$ 43K BTC flipping support? Not anytime soon, according to derivative metrics By Cointelegraph
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(BTC) showed strength on March 22, posting a 5% gain and testing the $ 43,000 resistance. The move liquidated over $ 150 million worth of leverage short positionsthose betting on a declining price using futures contracts.
Some Twitter (NYSE 🙂 analysts attribute the price improvement to the Do Kwon, the co-founder of blockchain protocol. During a recent Twitter Spaces conversation with analyst Udi Wertheimer, Kwon revealed his plans to back the TerraUSD stablecoin with Bitcoin.
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