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Bitcoin Short Squeeze Triggers $47M in Rapid Liquidations

Crypto Briefing Read original source (opens in a new tab)
The Story

News Summary

  • Over $47.5 million in Bitcoin short positions were liquidated in a single hour on September 3, driving a sharp short squeeze.
  • The rapid liquidations represented 82% of total crypto market wipeouts, highlighting heavy derivative leverage and cascading forced buying.
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76793.08 +13.85% over the displayed period

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