Bitcoin Shorts Skyrocket On Multiple Exchanges, Caution Ahead?

Quick Summary:

Although the Bitcoin price attempted a breakout above $60,000 levels on Sunday, it faced a strong rejection with the immediate surge in the Bitcoin short positions.

Currently, the BTC price is trading 1.7% down at $58,515 with a market cap of $1.115 trillion.

Of these, $50 million is in long liquidation while $26 million is in short liquidation.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price Spot Bitcoin ETFs Bitcoin News 24/7 Cryptocurrency News Spot Ethereum ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 08:45:11 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22136127

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: India

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