Crypto Rally Triggers Record $2.7 Billion in Short Liquidations.

A sharp surge in cryptocurrency prices wiped out a record $2.7 billion in short positions within 24 hours, according to data from CoinGlass. The forced closures amplified Bitcoin’s climb toward $70,000 and marked the largest wave of short liquidations in records dating back to 2021. The squeeze unfolded rapidly as prices reversed higher. The Drivers […]