Bitcoin and Ethereum have seen a significant increase in value recently, causing short positions to suffer a $120 million loss. This surge in the prices of these cryptocurrencies has caught many investors off guard, resulting in substantial financial losses for those betting against them. The unpredictable nature of the cryptocurrency market has once again proven to be a challenge for short sellers, as they struggle to mitigate their losses in the face of the skyrocketing prices of Bitcoin and Ethereum. The volatility of these digital assets continues to present both opportunities and risks for traders and investors alike.
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