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Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst

Crypto

Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst

cryptovert March 3, 2026 1 min read

Market data show rising open interest and large liquidation clusters around $65,000 and above $70,000, underscoring that the rally may be fragile without stronger spot demand

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