Bitcoin traders predicted a short squeeze to $80,000, but a lack of overall demand and the return of leverage sparked warnings of more liquidation events to come.
Bitcoin (BTC) starts the final week of May with traders optimistic about an $80,000 rebound — will it end up as a liquidity grab?
Bitcoin price action struggled over the weekend, dipping below $75,000 to its lowest levels since mid-April, per data from TradingView.
A rebound then brought $77,000 back into focus in line with optimism around a US-Iran peace deal.
