The activity of derivative positions significantly amplified this price increase. In the past 24 hours, the total liquidation exceeded $260 million. Among them, short positions accounted for approximately $200 million, indicating that as the price was driven up, short sellers were forced to liquidate. In just 4 hours, over $121 million of short positions were forcibly liquidated.
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The activity of derivative positions significantly amplified this price increase. In the past 24 hours, the total liquidation exceeded $260 million. Among them, short positions accounted for approximately $200 million, indicating that as the price was driven up, short sellers were forced to liquidate. In just 4 hours, over $121 million of short positions were forcibly liquidated.