Crypto short traders liquidated massively as $BTC and altcoins respond to hike in short trades with fake out dip according to santimentfeed data
confirms the observation. On the day, over 136,000 investors lost more than $300 million in futures contracts liquidations. During the last four hours period where BTC has risen to be trading at around $19,000 currently, 88.76% of futures liquidations have been from short traders. The crypto market price action, according to Santiment, has been the"crowd's least expectation.
The price action following the CPI announcement indicates that the crypto market had already priced in the unfavorable inflation trend. It also gives some merit to speculation among market observers that the price of BTC has
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