Bitcoin Surpasses 15K As 300M Shorts Liquidated On Bitmex In 30 Days
The massive amount of liquation has occurred in a period when the Bitcoin price movement was skewed towards the bullish side. During the last 30 days, Bitcoin broke the crucial $13,000 resistance mark and began flashing continued signs of strength towards the end of October. By press time, the asset had hit its all-time high since January 2018 at $15,206. The unusually high number of liquidated short positions could be correlated to the more bearish short-term outlook on the market....