NewsMV
Short positioning in Bitcoin ran heavy heading into this week's Federal Reserve meeting, and the crowded side paid for it.
More than $445 million in crypto short positions were forcibly liquidated in today's session, with $BTC alone accounting for $230 million of that figure.
Bitcoin is up 5.88% at $80,846, having opened at $76,355 and tagged an intraday high of $80,857, with $82,281 the immediate resistance level now in view.
The backdrop: the Clarity Act's failure to clear a Senate procedural vote earlier this week pushed Bitcoin below $75,000 and appeared to trigger panic selling. Then Wednesday's Fed decision arrived.
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