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These 2 Factors Are Behind Bitcoin’s 20% Eruption Higher: Industry Executive

As made abundantly clear by derivatives data, there were many market participants caught off guard by Bitcoin’s ongoing rally. In fact, in the past week alone, reports indicate that there was in excess of $1 billion worth of short positions liquidated on margin platforms like BitMEX.

Bitcoin rallying 20% in a week, after all, is quite the accomplishment — even for
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