Leveraged short positions close to $1 billion liquidation as Bitcoin climbs

exchange68September 10, 2024

0 0 2 minutes read

After experiencing a dramatic fall to $49,000 on Aug. 5, Bitcoin’s price has rebounded impressively to over $57,000. This fluctuation underscores the inherent volatility in the crypto market. But beyond the rollercoaster prices, there’s a looming pressure point that could shake up the scene—a massive amount of short positions are clustered just shy of a crucial price threshold. The potential fallout if Bitcoin hits $58,000 could…

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