Almost $160 million shorts liquidated in an hour

Cascading liquidations on shorts across the exchanges has caused $120 million worth of liquidations in under an 1 hours and currently $160 million worth of liquidations in 4 hours.

Yet another short squeeze that’s spiked the prices to the $42k region for BTC. The trend is looking good and green! Overall market cap over $1.7 trillion which is numbers we haven’t seen since the beginning of June.

https://www.bybt.com/LiquidationData

Edit: Title should have been $120 million in an hour.