Bitcoin's Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours
After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day.
according to the 4H time frame this is still the down fall of the #BTC to test the previous support area or further sown to 52k area.
this is not financial advice so be careful specially in future trades
stay tuned
