Cryptocurrency

Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels

  • Bitcoin hit a high of $21,500 on March 12, preparing the futures market to open within hours.
  • Nearly $100 million liquidated in the last 24 hours
  • The market has seen widespread net shorts in Bitcoin over the past few days.
  • Accumulation of Spot Bitcoin was also happening at the same time.
Liquidation: (Source: Coinglass)
BTC Price: (Source: ZeroHedge)
BTC Price: (Source: ZeroHedge)

First appeared on CryptoSlate as post-Bitcoin rises above $21,000, shorts shrink, and return to pre-SVB price levels.

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