Bitcoin Price Surges Above $69,000 as $2.74 Billion in Short Positions Get Liquidated

Bitcoin price crossed the $69,000 threshold to once again trade at levels it had not achieved since the huge 2021 rally. This sudden rally caused a massive short squeeze, with nearly $2.74 billion worth of short positions being liquidated in just one day. Bitcoin Leads $2.99B Crypto Liquidation Wave Bitcoin headed the recent liquidation frenzy, contributing about $1.42 billion to the liquidations.…