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Bookmarking Crypto InsightsWed, 14 Feb 2024 18:15:32 +0000en-US
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3232Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B
https://www.digit.info/bitcoin-short-squeeze-wipes-out-89m-as-price-surges-to-52k-etf-inflows-hit-4b/
Wed, 14 Feb 2024 18:15:32 +0000https://www.digit.info/2024/02/14/bitcoin-short-squeeze-wipes-out-89m-as-price-surges-to-52k-etf-inflows-hit-4b/Read more]]>The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. […]
The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. […]
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