Bitcoin Price is $4K Away From Wiping out the Next Wave of Shorts
Bitcoin’s price closed last week near $84,000 and flushed an estimated $140 million in short positions, leaving a fresh wall of bearish leverage stacked between $86,000 and $88,000. What Actually Got Liquidated? Nearly $140 million in shorts were liquidated as bitcoin confirmed a weekly close above $83,000. Hours earlier, a heatmap shared by Kook Capital […]
Key Takeaways
- Bitcoin’s price closed last week near $84,000 and flushed an estimated $140 million in short positions, leaving a fresh wall of bearish leverage stacked between $86,000 and $88,000.
- What Actually Got Liquidated?
- Nearly $140 million in shorts were liquidated as bitcoin confirmed a weekly close above $83,000.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Ledger says unauthorized implant found in at least one device sold by CryptoBilis
Ledger confirmed an unauthorized hardware implant in a device linked to crypto losses at CryptoBilis, a Southeast Asian reseller. The company says confirmed cases are limited and its internal systems remain unaffected.
Why the USSR Stopped Drilling at 12,262 Meters Came Down to an Unexpected Limit
12,262 meters down, the Soviet SG-3 Kola Superdeep Borehole set the world record for the deepest hole ever drilled after a project that began in 1970 aiming for 15 kilometers. The effort ultimately ended in 1992 when extreme heat and pressure made the rock…
Trump Approval Rating at 34% Three Weeks Before Midterms, Poll Shows
Three weeks before the midterms, just 34% of US voters approve of Donald Trump, a Financial Times (FT) poll shows. Traders betting on that vote see Republicans losing the House. Polymarket gives Democrats a 91% chance of taking the chamber, on $16.4 million…