Bitcoin Crashes Above $47,000 In Minutes For This Reason By CoinTelegraph

Bitcoin Crashes Above $47,000 In Minutes For This Reason By CoinTelegraph
Bitcoin Crashes Above $47,000 In Minutes For This Reason By CoinTelegraph

© Ink Drop “Hello, optober” – Bitcoin price surges above $47,000 in minutes, liquidating $270 million in short positions

The price of (BTC) soared to nearly $48,000 during October 1, as the classic “short squeeze” liquidated over $270 million worth of cryptocurrency trades in less than an hour.

1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. 1-hour candlestick chart (Bitstamp). Source: Trading View

“Bye bye Bearish Trends” Data from Cointelegraph Markets Pro and Trading View showed BTC/USD hitting $47,800 on Bitstamp, jumping $3,000 in minutes.

Read more at CoinTelegraph

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Source

Bitcoin Crashes Minutes Reason CoinTelegraph

 
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