Category: Bitcoin Shorts

Bitcoin [BTC] shorts: $30 million in shorts closed on Bitfinex; exchange records 20% drop

Bitcoin [BTC], the first and largest cryptocurrency in the market, has been in the news since it breached the $5,000 mark. This breach contributed to several other coins gaining momentum in the market, with many rising by double-digits. Notably, Bitcoin continued to move upwards, with the 24-hour difference still in […]

Bitcoin’s [BTC] bull rally over $5000 precipitates liquidation of more than $400 million shorts

On 2 April, the cryptocurrency market woke up to Bitcoin’s much-awaited bull movement, as it pumped by almost 15% to reach the $5,000 level, before undergoing a correction. Once the king coin broke strong resistances at $4,200 and $4,400, investor sentiment surged as money was poured into the crypto-market. The […]