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Cryptos Rip Higher On Back Of Big Short Squeeze

Courtesy of ZeroHedge. View original post here.

Bitcoin is up 12% from Friday’s close and the rest of the crypto space is also surging as chatter of a major short-squeeze is underway.

Chatter is that it’s some major short liquidations driving the spike…

Liquidated short on XBTUSD: Buy 6,736,979 @ 6507 🏅🏆💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯🔥⚡

— REKT (@BitmexRekt) July 2, 2018

Liquidated short on XBTUSD: Buy 10,000,000 @ 6519 🏅🏆💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯

— REKT (@BitmexRekt) July 2, 2018

Pushing Bitcoin back well above $6,000…


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