Bitcoin Tops $84,000 as Crypto Short Liquidations Hit $188 Million
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin moved above $84,000 as liquidations of short positions across the cryptocurrency market reached $188 million, according to Bitcoin.com News.
Bitcoin rose above $84,000, according to a report from Bitcoin.com News.
The report also cited $188 million in liquidated crypto short positions. That figure covered cryptocurrency shorts rather than bitcoin positions alone.
Short positions seek to profit from falling prices. Liquidation occurs when an exchange forcibly closes a leveraged position because the trader no longer meets its margin requirements.
Source: Bitcoin.com News