Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move.
Traders were largely unaware that this move was going to happen.
As a result, data from Skew.com shows that more than $80 million worth of short positions were liquidated on BitMEX alone. These shorts were liquidated within the span of an hour, and these numbers only count BitMEX, not other margin exchanges.
Mike Novogratz Expects More Bitcoin Upside
Galaxy Digital co-founder and CEO Mike Novogratz expects more upside.