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DETROIT, July 27, 2021 /PRNewswire/ -- Benzinga, a fintech media company providing news and data to retail investors and cryptocurrency traders, publishes its latest data study: Did Bitcoin Just Witness Its Largest Short Squeeze In History?
After breaking its psychological support of $30,000, investors were bearish on Bitcoin. With short positions increasing at a rapid rate, some cryptocurrency investors were calling for a short squeeze.
After reclaiming $30,000 and continuing to increase to $35,000, these short sellers began to get liquidated, causing the price of Bitcoin to continue higher. On July 25 2021, Bitcoin appreciated from $36,000 to over $40,000 within minutes.
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Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin's ROI in 2021 for more data like this.
Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.
SOURCE Benzinga
Related Links
www.benzingapro.com
After breaking its psychological support of $30,000, investors were bearish on Bitcoin. With short positions increasing at a rapid rate, some cryptocurrency investors were calling for a short squeeze.
After reclaiming $30,000 and continuing to increase to $35,000, these short sellers began to get liquidated, causing the price of Bitcoin to continue higher. On July 25 2021, Bitcoin appreciated from $36,000 to over $40,000 within minutes.
More on Michimich.com
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Benzinga regularly conducts data studies and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin's ROI in 2021 for more data like this.
Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.
SOURCE Benzinga
Related Links
www.benzingapro.com
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