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Bitcoin Santa Rally: BTC Rockets Past $98K in Holiday Comeback

  • Bitcoin (BTC) experienced a snap rally, climbing to $99,520 after testing December lows.
  • The rally is attributed to large spot buyers, showcasing increased exchange order-book volumes.
  • Nearly $40 million in BTC short liquidations occurred in the past 24 hours, adding to a total cross-crypto liquidation of $150 million.
  • While optimism is high, caution remains as analysts emphasize the need to reclaim previous support levels for sustained growth.

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