May 18, 2024

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Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours

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Bitcoin’s Rally to ,000 Triggers .65 Million Short Squeeze in 4 Hours
Bitcoin’s Rally to ,000 Triggers .65 Million Short Squeeze in 4 HoursAfter reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day. […]