Bitcoin rebounds $2,000 to reclaim $78,000 amid short liquidations
Bitcoin surged about $2,000 over roughly eight hours from near $76,300 back above $78,000, as forced liquidations swept leveraged bearish positions.
Bitcoin surged roughly $2,000 over eight hours, rebounding from lows near $76,300 to back above $78,000 as forced liquidations hit leveraged bearish positions. More than $247 million in short positions were liquidated during the move.