Bitcoin recently reached a significant price milestone, driven by fundamental macroeconomic forces rather than market speculation, according to a new report by 10x Research.
The analysts emphasize that the cryptocurrency’s recent upward price movement was significantly influenced by major shifts in the broader economic landscape.
Concurrently, data shows a substantial surge in Bitcoin short positions on the Hyperliquid exchange, totaling $17.865 million, originating from a single smart wallet executing a highly leveraged 40x trade.