© 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
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.