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Bitcoin Rally to $118K Wipes out Over $1 Billion in Short Bets

Bitcoin’s recent surge resulted in significant liquidations, with more than $1.09 billion in short contracts wiped out within a 24-hour period. Bitcoin Rally Triggers Liquidations Bitcoin’s rally to a new all-time high o...

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Bitcoin Rally to $118K Wipes out Over $1 Billion in Short Bets
Bitcoin’s recent surge resulted in significant liquidations, with more than $1.09 billion in short contracts wiped out within a 24-hour period. Bitcoin Rally Triggers Liquidations Bitcoin’s rally to a new all-time high of over $118,000 triggered a massive wave of liquidations, wiping out more than $1.11 billion in short contracts in a single 24-hour period […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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