Bitcoin’s strongest surge in nearly two years was almost entirely driven by short-seller liquidations
A report from Glassnode and Bybit shows that Bitcoin rose 24.6% over 5 days in August, even as leverage activity declined, with short positions accounting for 89% of the total value per USD liquidated.
Source: DeCrypt
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
A report from Glassnode and Bybit shows that Bitcoin rose 24.6% over 5 days in August, even as leverage activity declined, with short positions accounting for 89% of the total value per USD liquidated.
Source: DeCrypt
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
