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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
$72,622.75
+5.12%
$72,622.75
+5.12%
(24s)24h Volume
$35,263,783,848.82
24h H/L
$73,110.70 / $68,902.22
Change: $4,208.48 (6.11%)
Long/Short
51.3%
Long: 51.3%Short: 48.7%
Funding Rate
-0.0003%
Shorts 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…
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