Bitcoin (BTC) New All-Time High Wrecks +$200M in Short Positions

TL;DR Bitcoin (BTC) reached a new all-time high of $75,000 on November 6, 2024, leading to the liquidation of over $286 million in short positions, causing a significant impact across the cryptocurrency market. The surge in Bitcoin’s price is attributed to strong spot market demand, with analysts emphasizing the importance of actual coin purchases over ... source: https://crypto-economy.com/bitcoin-btc-new-all-time-high-wrecks-200m-in-short-positions/