Bitcoin Price USD Rises Above $63,800 as Short Squeeze Fuels Rally

The post Bitcoin Price USD Rises Above $63,800 as Short Squeeze Fuels Rally appeared first on Coinpedia Fintech News

Bitcoin price USD climbed 1.71% to around $63,818, outperforming the broader crypto market as a derivatives-driven short squeeze forced traders to cover bearish positions. More than $75.5 million in Bitcoin positions were liquidated over the past 24 hours, with shorts accounting for 65% of the total. The rebound was also supported by improving market sentiment …