DailyBubble News
DailyBubble News

Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000 – NewsBTC

Crypto shorts faced a $147 million squeeze as Bitcoin climbed back above $63,000. This sudden surge in the price of Bitcoin caused a significant loss for traders who had bet on the cryptocurrency’s price to drop. The increase in Bitcoin’s value caught many traders off guard, resulting in a hefty financial loss for those who had short positions. The crypto market remains volatile, and traders should be cautious when making investment decisions.

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