Crypto Shorts See Carnage As Bitcoin Surges Towards $28,000

Data shows the crypto futures market has observed large liquidations in the past day as Bitcoin has recorded a sharp surge towards $28,000.
Crypto Futures Observed $78 Million In Liquidations In Last 24 Hours
A crypto futures contract is said to be “liquidated” when the derivative exchange with which said contract is open forcefully closes it up. This happens when the contract has accumulated losses of a certain percentage, the exact value of which may differ between platforms.
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