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Nearly $900 million in crypto shorts were squeezed in a single day as bitcoin surged into the $40,000 region


$883 million worth of crypto short positions were liquidated in a 24-hour span amid bitcoin’s rally towards $40,000. Data from Bybt.com compiled by The Block notes that short positions on bitcoin accounted for 81% of the squeeze, with $720 million liquidated. Most of the crypto short liquidations …

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