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Bitcoin Cointelegraph

Bitcoin shorters ‘are getting rekt’ after new $75K high

Almost $180 million in short positions in Bitcoin have been wiped as it hit an all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin shorters ‘are getting rekt’ after new $75K high

Almost $180 million in short positions in Bitcoin have been wiped as it hit an all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.

Why this matters

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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