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Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

Decrypt · 20 hr ago

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$BTC
Informational impactNot rated
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Risk contextUnknownOperational, security or regulatory context
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A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.

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