`$BTC` touches $84,000, and $260 million in crypto short positions are liquidated within 60 minutes.
Clearing such a large position within an hour means the current rally is a typical short-squeeze momentum.
The forced buying that results from short liquidations is still pushing the price higher. Based on the current strength of the market, this upswing hasn’t ended yet.
Clearing such a large position within an hour means the current rally is a typical short-squeeze momentum.
The forced buying that results from short liquidations is still pushing the price higher. Based on the current strength of the market, this upswing hasn’t ended yet.