Bitcoin Short Positions See $19.56 Million Liquidated in One Hour

Bitcoin (BTC) short positions worth $19.56 million were liquidated in the hour ending at 11:45 p.m. ET Nov. 4 (04:45 UTC Nov. 5), while BTC rose 1.23%. Liquidations totaled $19.58 million across Binance, Bybit and OKX. Short positions made up $19.56 million of that amount; long positions accounted for $20,000. BTC moved from $78,426 to $79,393 during the same hour, a $967 gain. The tally covers only those three exchanges and is not a market-wide total. A short position is a bet that an asset’s price will fall, and liquidation is the forced closing of such a position. The figures show short-side closures accounted for nearly all reported liquidations during the hour, when Bitcoin’s price increased.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.