BTC rally sparks $268m in short liquidations

BTC switched to short liquidations, wiping out $15.79M in short positions within an hour. Overall, short liquidations reached a one-week high of over $268M. BTC recovered above $117,300 in a rapid shift of ￰0￱ move erased over $15.79M in short positions for just one ￰1￱ $178M in BTC shorts were liquidated in the past ￰2￱ on other methodologies, crypto liquidations were counted as over $600M for the past ￰3￱ recovered the $117,000 level, causing a wave of short liquidations |