BUSINESSCOINDESK
Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out
Bitcoin successfully broke out of a six-week trading range, reaching a high of $71,000. This price surge coincided with an estimated $3 billion worth of short positions being wiped out.
Related Signal
Adjacent reporting
- Bitcoin price quietly sets new 10-week high as trader sees $88K in weeks
- Bitcoin's $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High
- BTC just broke $80,000 for the first time since January: $300 million in shorts liquidated.
- Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind