Bitcoin, Ethereum, XRP Surge as $400 Million in Shorts Get Liquidated
Bitcoin tops $85,000 as a short squeeze wipes out $400 million, ETF inflows rebound and falling oil prices support crypto.
Bitcoin and other cryptocurrencies jumped higher when traders betting on price drops got forced out. When lots of people suddenly buy at once, prices can spike, but this doesn't mean the trend will keep going up.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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