A weekend surge in Bitcoin's price forced approximately $170 million worth of short positions to be liquidated. Data from Coinglass shows that total short liquidations reached $170 million by early Monday morning, while long liquidations amounted to $49.73 million. The sharp move upwards caught many traders betting against Bitcoin off guard, leading to significant losses for short sellers.Read more on Decrypt
$170M in Short Positions Liquidated as Bitcoin Rallies
