Bitcoin Traders Face Massive Short Squeeze Risk Amid Lopsided Leverage Positions

TLDR: Nearly $26 billion in short liquidation leverage sits above Bitcoin’s current $62,000 price level. Shorts lost $218 million in 24 hours, more than double long liquidations across the crypto market. A single $82 million short position on OKX was wiped out amid Bitcoin’s 24-hour liquidation wave. Cycle Bands flashed an oversold signal for the [...]

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