Bitcoin Short Squeeze Causes $89 Million to Be Zeroed Out as Price Soars to $52,000; ETF Inflows Hit $4 Billion
Bitcoin's price surpassed the $52,000 milestone on Wednesday, reaching $52,056 per unit at 10:05 a.m. ET on Bitstamp. Bitcoin's sharp rise over the past day triggered a wave of liquidation of leveraged positions, wiping out $89.28 million in short positions.
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