Crypto short liquidations pass $3B mark as Bitcoin price nears $72K
Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days. Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data.
Why It Matters
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Key Facts
- Fact 1: Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days.
- Fact 2: Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data.
- Fact 3: Bitcoin continues its upside reaction to a US Treasury liquidity intervention, approaching $72,000.
- Fact 4: Bitcoin short-term holders take profit on previously underwater positions and move 43,300 BTC.
Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days. Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data.
Bitcoin continues its upside reaction to a US Treasury liquidity intervention, approaching $72,000. Bitcoin short-term holders take profit on previously underwater positions and move 43,300 BTC. Two-day crypto short liquidations hit $3.1 billion Data from CoinGlass shows ongoing crypto short liquidations at $3.1 billion for Aug.
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Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.
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