Bitcoin, Ethereum Price Rise Liquidates Millions in Short Positons
Bitcoin experienced a surprising surge, reaching over $28,000 for the first time since August 17. The sudden spike resulted in the liquidation of $47.4 million in futures market positions, with short orders accounting for 90% of the liquidations. Ethereum also followed suit, surpassing $1,700 for the first time in five weeks.
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Bitcoin, Ethereum Price Rise Liquidates Millions in Short Positons
Bitcoin experienced a surprising surge, reaching over $28,000 for the first time since August 17. The sudden spike resulted in the liquidation of $47.4 million in futures market positions, with short orders accounting for 90% of the liquidations. Ethereum also followed suit, surpassing $1,700 for the first time in five weeks.