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 Bitcoin's Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours.
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 According to one source, after reaching a low of $56,500 on April 30, Bitcoin climbed to a peak of $62,109 by Friday, May 3, resulting in the liquidation of $26.65 million in Bitcoin short positions within just four hours. Approximately 48,962 traders found their positions liquidated over the last day