
Bitcoin shorts lose $283 million in 24 hours
- —Bitcoin short liquidations totaled $283.09 million in 24 hours
- —Shorts accounted for 96.75% of total liquidations
- —Data aggregated across venues as of 03:02 UTC on September 19
Why it matters: Mass short covering points to a sharp price rise and could fuel further upward squeeze.
Source: Coinotag