Bitcoin Short Squeeze Erases $736M as X Launches Crypto Trading Titelbild

Bitcoin Short Squeeze Erases $736M as X Launches Crypto Trading

Bitcoin Short Squeeze Erases $736M as X Launches Crypto Trading

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Bitcoin just witnessed its largest short liquidation event since September 2024, with $736 million in forced closures as traders bet wrong on the market direction. Meanwhile, Elon Musk's X platform is rolling out cryptocurrency and stock trading within weeks, and the XRP Ledger activates Token Escrow functionality that could drive new demand for XRP through institutional adoption. Plus, Tether invests $150 million in Gold.com to bring tokenized gold to crypto users, Treasury Secretary Scott Bessent pushes for urgent crypto reform, and on-chain data reveals extreme positioning across major assets from Solana's 17-day negative funding rate streak to Bitcoin's short-term holder capitulation signals.
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