Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations
TLDR — A Glassnode and Bybit report found Bitcoin climbed 24.
Signal data▼ Bearishconfidence 75%Medium materiality
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A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.
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