Bitcoin pump to $63,700 triggers the most short liquidations since late April
coindesk·
- Bitcoin's recent rebound led to approximately $504 million in losses for short sellers within 24 hours, marking the largest daily loss since late April.
- Total crypto liquidations reached about $655 million, impacting over 104,000 traders, primarily in bitcoin and ether positions.
- Following a rise to near $63,800 over the weekend, bitcoin settled around $62,900, influenced by renewed Middle East tensions and the upcoming U.S. inflation data and major IPOs.
