Bitcoin’s Rapid Rise Flushes Out $180mln Short Positions In an Hour

Bitcoin rallied by more than 10% yesterday to reach $7,400 levels. The strong uptrend caught several short sellers off guard, resulting in liquidation of $180 million worth short positions in one hour . A series of good news, including the appointment of crypto friendly David Solomon as CEO of Goldman Sachs, is believed to be … Continue reading Bitcoin’s Rapid Rise Flushes Out $180mln Short Positions In an Hour