$58.2M crypto shorts liquidated in an hour as Bitcoin squeezed
About $58.2 million in crypto short positions were wiped out over a 60-minute window on September 3, with $47.5 million tied to Bitcoin.
Someone had a very bad hour.
On September 3, roughly $58.2 million in crypto short positions were wiped out in a single 60-minute window, with Bitcoin accounting for $47.5 million of the carnage.
For traders betting against the market with leverage, the price move was the financial equivalent of a…