Bitcoin Erupts to $7,800 for the Second Time, Burning $10 Million in Shorts

After retracing to $7,490 from the weekly highs, Bitcoin rocketed higher immediately before and after the daily candle close on Sunday, rallying as high as $7,780 just minutes ago as of the time of this article’s writing. This represents a 4% rally from the daily lows. According to data from Skew.com, analysts and traders were largely unaware that such a move would transpire, with the site reporting that $10 million worth of BitMEX short positions […]

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