Cascading liquidations on shorts across the exchanges has caused $120 million worth of liquidations in under an 1 hours and currently $160 million worth of liquidations in 4 hours.
Yet another short squeeze that’s spiked the prices to the $42k region for BTC. The trend is looking good and green! Overall market cap over $1.7 trillion which is numbers we haven’t seen since the beginning of June.
https://www.bybt.com/LiquidationData
Edit: Title should have been $120 million in an hour.
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