Bitcoin (BTC) surpassed the $81,000 price level on Aug. 25, its highest level since mid-May.
The latest surge is part of the broader crypto rally that began after the short squeeze caused by the U.S. Treasury's Aug. 19 announcement to at least double the amount of long-term government bond buybacks, which ignited liquidity hopes.
Related: Anonymous coder hides Bitcoin puzzle in Satoshi's genesis block
As per the onchain ****** ytics platform CoinGlass, $240 million worth of Bitcoin short positions got liquidated within the last 24 hours.
In contrast, the figure of long liquidations stood at only $88.83 million.
#long #related #coinglass #price
The latest surge is part of the broader crypto rally that began after the short squeeze caused by the U.S. Treasury's Aug. 19 announcement to at least double the amount of long-term government bond buybacks, which ignited liquidity hopes.
Related: Anonymous coder hides Bitcoin puzzle in Satoshi's genesis block
As per the onchain ****** ytics platform CoinGlass, $240 million worth of Bitcoin short positions got liquidated within the last 24 hours.
In contrast, the figure of long liquidations stood at only $88.83 million.
#long #related #coinglass #price
26 days ago
