๐๐ฅ Over $280M in Bitcoin Shorts Wiped Out in Last 24 Hours ๐ฅ๐
In the past 24 hours, a Bitcoin ($BTC ) price surge led to a short squeeze, liquidating about $280 million in short positions. Traders betting against the rally were forced to close their positions, further driving the price upward.
Mass liquidation in crypto markets indicates a shift from bearish to bullish sentiment, exposing the high risks of leveraged trading due to rapid volatility.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
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