Crypto Bears Face $320 Million Squeeze As Bitcoin Breaks $110,000

Q: How long will it take to read this news story?

The story "Crypto Bears Face $320 Million Squeeze As Bitcoin Breaks $110,000" has 430 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Crypto Bears Face $320 Million Squeeze As Bitcoin Breaks $110,000" was covered 18 hours ago by Bitcoinist, a news publisher based in Hungary.

Q: How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news. The outlet is headquartered in Hungary and publishes an average of 18 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28920366</li><li>URL: https://stavanger.beamstart.com/news/crypto-bears-face-320-million-17479693752431</li></ul>

Bitcoinist 18h ago

Crypto Bears Face $320 Million Squeeze As Bitcoin Breaks $110,000 - Bitcoinist

Quick Summary:

Data shows the cryptocurrency short holders have witnessed a mass liquidation event during the past day as Bitcoin and other assets have rallied.

The altcoins have also seen rallies of their own recently, but in terms of weekly returns, the original digital asset has managed to outperform most of the top ones.

BTC seemed to be on the cusp after hitting $103,000 earlier in the month, but the coin couldn’t quite gather enough steam for that final push, leading to it falling prey to sideways consolidation.