Bitcoin Price Falls Under $9,000 After Remarkable 42% Rally

Bitcoin (BTC) has been on a record-setting rally over the past 36 hours. In around the span of some 18 hours, the leading cryptocurrency shot higher by some 42%, rallying from $7,300 to $10,500 and liquidating $400 million worth of leveraged BitMEX positions in the process.
According to an analysis by macro researcher Alex Kruger, the 42% bounce represents the cryptocurrency’s fourth-largest upward move of all-time. Crazy.
But, as one can expect, this behemoth of a move has exhausted bulls