Bitcoin Jumps 3% in an Hour, Briefly Tops $84,000; $252 Million in Shorts Liquidated
Minseung Kang
Summary
- Bitcoin (BTC) surged about 3% in an hour and briefly topped $84,000.
- The sharp price increase triggered large-scale short liquidations across the cryptocurrency market.
- CoinGlass data showed total market short liquidations rose to $252 million.
Forecast Trend Report by Period
Bitcoin (BTC) surged about 3% in an hour, briefly topping $84,000. The sharp advance triggered large-scale short liquidations across the cryptocurrency market.
BlockBeats, citing CoinGlass data, reported on September 21 that Bitcoin’s rapid rise drove total short liquidations across the market to $252 million.
A short position is a trade that bets on a price decline. When prices surge against that bet, the position can be forcibly liquidated.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.