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Bitcoin Rallies Near $70,000 as Record Short Liquidations Trigger a Massive Squeeze

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TL;DR: Bitcoin perpetual futures recorded approximately $1.1 billion in short position liquidations within 24 hours. The total liquidation volume in the cryptocurrency market reached $1.92 billion on the same day. The price of the leading c…

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Bitcoin Rallies Near $70,000 as Record Short Liquidations Trigger a Massive Squeeze
Crypto Economy 1h ago

Bitcoin Rallies Near $70,000 as Record Short Liquidations Trigger a Massive Squeeze

TL;DR: Bitcoin perpetual futures recorded approximately $1.1 billion in short position liquidations within 24 hours. The total liquidation volume in the cryptocurrency market reached $1.92 billion on the same day. The price of the leading c…