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Bitcoin Rebound to $63,700 Crushes Crypto Shorts

2026-06-08 13:43:37

Abstract generation in progress

Short sellers lost $504 million over the 24 hours to Monday morning as Bitcoin recovered from last week's lows and reached $63,700. Total crypto liquidations reached about $655 million, with Bitcoin positions accounting for $315 million. Bitcoin later slipped to around $62,900 after renewed Iran-Israel strikes sent oil higher and Asian stocks lower.

BTC2.25%

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