Over $44 million in short positions were wiped out on Binance in a single hour Monday — the largest one-hour short liquidation since February 6 — yet the price surge it helped trigger drew little enthusiasm from actual buyers. Related Reading: Shiba Inu Flirts With $0.0000052 Support As Exchange Supply Swells Futures Chaos, Not Fresh Money, Lifted BTC Bitcoin climbed to a weekly high of $71,801 on Binance during the US market session, pushed higher largely by forced closures of short positions rather than new capital entering the market.
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