$740M wiped out: Did Bitcoin just clear the leverage overhang?
Bitcoin (BTC) pressured the closure of $740 million in leveraged positions on Oct. 21 as the value swung from $110,552 to $114,019 earlier than retreating towards $108,000, executing a basic short-squeeze adopted by lengthy liquidations that cleared extreme derivatives publicity. Data from Coinglass exhibits $435.63 million in long positions and $304.64 million in shorts eradicated…
