Bitcoin Price Cracks $84K as $188 Million in Crypto Shorts Get Wiped Out
AI summary
Bitcoin broke above $84,000 on Wednesday, reaching near $84,700 and forcing the liquidation of $188 million in short positions across crypto markets. More than 71,000 traders were liquidated as leveraged bearish bets were squeezed. The short squeeze signals strong upward momentum and could fuel further buying, though traders should watch for volatility as forced liquidations amplify price swings.
