Bitcoin returns to $40K, liquidating over $50M of shorts in hours

Bitcoin (BTC) returned to $40,000 for the first time in two weeks during Feb. 4 as Wall Street volatility proved a boon for BTC bulls.

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

Liquidations mount for BTC shorts

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly jumping past the $40,000 on Feb. 4, just two hours after the Wall Street open produced rapid gains.

At the time of writing, the pair was up $3,000 in two hours — an unexpectedly strong…


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