Bullish

Bitcoin jumps 7% as $1.2B shorts get liquidated in an hour

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Bitcoin jumps 7% as $1.2B shorts get liquidated in an hour

Bitcoin rose more than 7%, reaching its highest level since June 2. Roughly $1.2 billion in short positions were liquidated within 60 minutes, indicating a short squeeze and rapid upward price momentum.

Original publication

Authors credited by the source: thekobeissiletter

Published by Holder based on an external source.