CoinDesk

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped outWorldPing

Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.

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

Read the full report at CoinDesk

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Brief by WorldPing · Original reporting by Bitcoin.com