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Coinpedia
2023-03-30 11:13:46

Bitcoin’s Rally Above $29,000 Triggers Liquidation of $130 Million Worth of Short Positions

Bitcoin’s Rally Above $29,000 Triggers Liquidation of $130 Million Worth of Short Positions

The post Bitcoin’s Rally Above $29,000 Triggers Liquidation of $130 Million Worth of Short Positions appeared first on Coinpedia Fintech News Bitcoin’s recent price surge above $29,000 has led to significant liquidations in the cryptocurrency market, resulting in traders’ positions being closed and the loss of approximately $130 million. This increased volatility could potentially create a domino effect, causing further liquidations and exacerbating price movements. The community is closely watching Bitcoin’s performance, as breaking through the …

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