Bitcoin Price: Short Sellers Surprised as Bitcoin Surges Another 4.5%

Those who betted that Bitcoin’s bull run was over were hit with a surprise today. According to Reddit, over $44 million USD was lost on BitMEX due to short sellers betting on a Bitcoin price decline.

The largest digital asset by market cap surprised investors with another climb up the charts. At 10 am UTC, Bitcoin surged 4.4% and almost breached the $12k mark on CoinMarketCap.

Bitcoin Price Surges 4%

Bitcoin is currently selling for $11,862 USD on CoinMarketCap; however, Cointelegraph reports:

“On major exchanges, USD spreads meant bitcoin was yet to …

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