Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours

After reaching a debased of $56,500 connected April 30, bitcoin climbed to a highest of $62,109 by Friday, May 3, successful effect to the erstwhile downturn. This uptick resulted successful the liquidation of $26.65 cardinal successful bitcoin abbreviated positions wrong conscionable 4 hours, and astir 48,962 traders recovered their positions liquidated implicit the past day. […]