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via Decrypt · By Decrypt Editorial
Bitcoin's $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High
BTC
BTC/USDT
$64,933.33
+0.75%
$64,933.33
+0.75%
(24s)24h Volume
$17,761,963,435.51
24h H/L
$64,933.33 / $63,267.34
Change: $1,665.99 (2.63%)
Long/Short
59.3%
Long: 59.3%Short: 40.7%
Funding Rate
+0.0065%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(12:41 PM UTC)
1 min read
In brief
- Bitcoin bounced 7.5% from Friday’s $59,353 low to highs of $63,800 on Monday.
- The weekend recovery liquidated $540 million in short positions on Sunday, the highest level since mid-April.
- Experts remain cautious about the rebound, saying it does not confirm a trend reversal yet.
A portion of last week’s selloff has come undone as Bitcoin bounced over the weekend, triggering a huge…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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