HomeCrypto NewsBitcoinBitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B



The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoinโ€™s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. โ€˜Sustained High Levels of Illiquid Supplyโ€™ Bolster Bitcoinโ€™s Price After the U.S. [โ€ฆ]



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