Unexpected price rallies catch bearish traders off guard, fueling bullish momentum and highlighting the volatility of leveraged digital asset trading.
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Key Takeaways
- Approximately $80 million in crypto short positions were liquidated in one hour.
- Short positions bet on price declines; their liquidation often signals bullish momentum.
Around $80 million in crypto short positions were liquidated in the past 60 minutes as digital asset prices surged higher, forcing bearish traders