Bitcoin Jumps 3% in an Hour, Briefly Tops $84,000; $252 Million in Shorts Liquidated

Forecast Trend Report by Period

Bitcoin (BTC) surged about 3% in an hour, briefly topping $84,000. The sharp advance triggered large-scale short liquidations across the cryptocurrency market.

BlockBeats, citing CoinGlass data, reported on September 21 that Bitcoin’s rapid rise drove total short liquidations across the market to $252 million.

A short position is a trade that bets on a price decline. When prices surge against that bet, the position can be forcibly liquidated.