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Bitcoin’s Rally to $28K Spurred by Largest Short Squeeze This Month

The price surge liquidated some $36.6 million of short positions in the past 24 hours, the most this month, CoinGlass data shows.

Updated Jun 22, 2023, 6:30 a.m. Published Jun 20, 2023, 7:28 p.m.
Bitcoin daily chart. (CoinDesk)
Bitcoin daily chart. (CoinDesk)