Bitcoin’s $70K Rip Vaporizes $1.9B as Shorts Get Steamrolled

AI Summary Bitcoin’s sudden price surge on Wednesday caused over $1.9 billion in total market liquidations within 24 hours, heavily liquidating $1.74 billion in short positions. Bitcoin Rally and Consolidation After falling just short of hitting $70,000 on reports that the U.S. Treasury is doubling bond buybacks to $4 billion, bitcoin appeared to consolidate above $68,200. Despite […] fulltext: 388 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/market-updates/bitcoins-70k-rip-vaporizes-1-9b-as-shorts-get-steamrolled/ Source: Bitcoin.com News