Cryptocurrency3h ago
Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations
A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.
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ALSO REPORTED BY OTHER SOURCES (1)
Bitcoin jumps above $81k as short squeeze offsets rate and regulatory pressure
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