Bitcoin Hits New ATH as Massive Short Squeeze Wipes Out Bears

A massive short squeeze wiped out over $1 billion in crypto short positions as Bitcoin (BTC) price surged to new all-time highs, catching bearish traders off guard and fueling a broader rally in the crypto market. Around 232,000 traders saw their positions wiped out over the past 24 hours as more than $1.1 billion in crypto shorts were liquidated, including $635 million in Bitcoin and $209 million in Ether. Hundreds of millions of BTC and ETH orders were liquidated as Bitcoin surged to a new ATH. Source: CoinGlass According to crypto analysts, a massive short squeeze in Bitcoin and

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