Bitcoin short sellers are out $161M as Bitcoin surprises with 11% rally – Cointelegraph

Bitcoin short sellers are facing millions of dollars in losses after Bitcoin (BTC) soared nearly 11%, briefly hitting a year-to-date high of $57,000. according to data Crypto data platform CoinGlass has liquidated over $161 million in BTC shorts in the past 24 hours. Traders looking to gain short-term exposure to Ether (ETH) fared less well, […]