A squeeze on the Bitcoin bears. Over the last 30 minutes the major venues liquidated $5.3M of leveraged $BTC short positions, closing bets on a lower price once their collateral no longer covered the move against them.
The long side saw $569.8K liquidated in the same window, so the pain landed almost entirely on traders positioned for a drop.
These totals come from the raw liquidation streams of the major venues.
The long side saw $569.8K liquidated in the same window, so the pain landed almost entirely on traders positioned for a drop.
These totals come from the raw liquidation streams of the major venues.
