The Zhitong Finance App learned that Bitcoin suddenly rebounded strongly on Wednesday. At one point, it surged more than 8%. The price reached a high of 6,9970.36 US dollars. It is only one step away from 70,000 US dollars, the highest level since the beginning of June, and also recorded the biggest one-day increase since March. With the rapid reversal of the market, a large number of bears were forced to close their positions, and the market experienced the largest wave of Bitcoin short liquidations since relevant records were recorded in 2021.

The Zhitong Finance App learned that Bitcoin suddenly rebounded strongly on Wednesday. At one point, it surged more than 8%, and the price reached a high of 6,9970.36 US dollars. It is only one step away from 70,000 US dollars, the highest level since the beginning of June, and also recorded the biggest one-day increase since March. With the rapid reversal of the market, a large number of bears were forced to close their positions, and the market experienced the largest wave of Bitcoin short liquidations since relevant records were recorded in 2021.