Bitcoin liquidates over  billion as BTC price hits 6-week highs

Bitcoin liquidates over $1 billion as BTC price hits 6-week highs

Bitcoin (BTC) saw its highest levels since mid-September on Oct. 26 as BTC/USD approached the pivotal $21,000 mark.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bears lose big as Bitcoin climbs

Data from Cointelegraph Markets Pro and TradingView showed the pair tackling $20,700 at the time of writing, up over 7% in 24 hours.

What began as an assault on $20,000 continued on the day, liquidations mounting further after already sealing the biggest shorts obliteration of 2022.


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