Bitcoin Rally Ran on Short Liquidations, Not Fresh Demand
Bitcoin's sharpest rally in two years ran almost entirely on short liquidations rather than fresh bullish demand, according to a joint report from analytics firm Glassnode and crypto exchange Bybit. Over five days in August, Bitcoin climbed 24.6% while coin-denominated open interest fell 12.6%,
BTC1.15%
CryptoFrontier·1h ago
