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Bitcoin price breaks out above $72,000 as market volatility ca | Crypto | Bitcoin | Blockchain

Bitcoin price breaks out above $72,000 as market volatility causes spike in liquidations

Bitcoin short positions bore the brunt of market volatility damage as the digital asset surged above the $72,000 mark on Monday. According to Coinglass data, there were over $47 million in bitcoin short liquidations in the past 24 hours. In the wider cryptocurrency market, there have been over $152 million in liquidations over the past 24 hours. Of these liquidations, the vast majority — around $107 million — were short positions.

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