Decrypt

Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short Liquidations

Bitcoin's Sharpest Rally in Two Years Ran Almost Entirely on Short LiquidationsWorldPing

A Glassnode and Bybit report found Bitcoin climbed 24.6% in five August days even as active leverage fell, with short positions supplying 89% of every liquidated dollar.

This is a short WorldPing brief. The full report was published by Decrypt.

Read the full report at Decrypt

More coverage: all crypto & markets news on WorldPing.

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Zcash Price Holds Above $1,440 After Sharp Rally PullbackWorldPing
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Zcash Price Holds Above $1,440 After Sharp Rally Pullback

Zcash pulled back to $1,429 after hitting a year-to-date high of $1,590, finding support above $1,440 with a 5% daily loss. Alongside the price action, a significant governance debate has emerged regarding the Zcash Development Fund, which expires in 2028.

Brief by WorldPing · Original reporting by Bitcoin.com