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Bitcoin price rebounds to 98,020 USD after significant buying activity

Bitcoin surged to 98,020 USD following a rebound after earlier dips. This rise is influenced by large spot buyers, demonstrating market confidence and reaching local highs of 98,184 USD shortly after the December 24 Wall Street opening.

In the last 24 hours, Bitcoin short liquidations totaled about 40 million USD, with overall crypto liquidations hitting 150 million USD. Analysts warn of risks should previous support levels fail to hold, indicating possible future declines.

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