Quick Take Bitcoin experienced a notable drop on Aug. 5, falling to $49,000—the lowest price since mid-February. However, it has since rebounded and is currently trading at over $57,000, about 22% shy of its all-time high. This significant recovery reflects Bitcoin’s ongoing volatility and the dynamic nature of its market. Data from Coinglass highlights that Binance, […]
The post Leveraged short positions close to $1 billion liquidation as Bitcoin climbs appeared first on CryptoSlate.
Originally appeared here:
Leveraged short positions close to $1 billion liquidation as Bitcoin climbs