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via Decrypt · By Decrypt Editorial
Bitcoin Surges Toward $70K as $1.14 Billion in Crypto Shorts Get Rekt in an Hour
BTC
BTC/USDT
$72,492.01
+6.37%
$72,492.01
+6.37%
(24s)24h Volume
$36,525,910,572.55
24h H/L
$72,966.00 / $68,103.71
Change: $4,862.29 (7.14%)
Long/Short
51.8%
Long: 51.8%Short: 48.1%
Funding Rate
+0.0016%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(04:10 PM UTC)
1 min read
In brief
- Bitcoin jumped as much as 9.3% this week, hitting an intraday high of $69,749 and trading near $68,689, up sharply from the week's open at $62,832.
- CoinGlass's Total Liquidations panel shows $1.14 billion in short positions wiped out across crypto in the last hour, with Bitcoin alone accounting for $677.64 million of the hour's liquidations.
- The rally comes hours ahead of a White House…
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