![Bitcoin Short Squeeze Wipes Out M as Price Surges to K; ETF Inflows Hit B – Market Updates Bitcoin News Bitcoin Short Squeeze Wipes Out M as Price Surges to K; ETF Inflows Hit B – Market Updates Bitcoin News](https://i0.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/02/btcwave.jpg?w=896&ssl=1)
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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. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. […]
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