Bitcoin Surpasses $78,000, Liquidating $140 Million in Shorts
Hyperdash NewsCryptoBitcoin has risen above $78,000, triggering the liquidation of $140 million in short positions across the crypto market within the last hour. This price movement indicates strong upward momentum for the digital asset.
The liquidation of a substantial volume of short positions suggests that many traders betting against Bitcoin's price were forced to close their positions, potentially fueling further price increases. This type of short squeeze can accelerate upward trends as buying pressure intensifies. On Hyperdash, 
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