Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion

Description

Bitcoin’s price is expanding to the upside and has charted a new all-time high at around $116,400. With this latest move, BTC is up 4.6% in the past 24 hours and more than 5.5% over the past seven days with a massive $50 billion daily trading volume. Source: TradingView The move comes at the expense of short traders, who lost a combined total of around $940 million in the past day, according to data from Coinglass. This has caused a massive short squeeze, which is a common term used to describe ...