Crypto short positions worth $883 million have been liquidated over the past 12 hours amid bitcoin's 12% price breakout.
Data from Bybt.com shows that of those liquidation, short positions on bitcoin accounted for 81% with $720 million liquidated.
The majority of the bitcoin and overall crypto short liquidations happened over the past four hours when bitcoin's price started to see a notable surge.
The price of the world's largest cryptocurrency started to break out around 0:00 UTC time on Monday after trading mostly at the $34,000 levels over the weekend. It quickly jumped by over 10% within hours to cross the $39,000 level for the first time since mid June.
Bitcoin's price reached $39,770 on Coinbase Pro around 1:00 but swiftly dropped to just above $38,000 and has been changing hands around $38,300 for the past four hours.
Bitcoin's price started to see some uptick last week when Elon Musk said in an online event that not only Tesla but SpaceX also holds bitcoin.
On early Sunday Eastern time, U.K publication CityAM said in a report that Amazon is accepting bitcoin as a payment method "by the end of the this year," citing an unnamed insider without any response from Amazon. The internet giant has not responded to The Block's request for comment as of press time.
Business Insider first reported on Saturday that Amazon is looking for a candidate to "develop Amazon's Digital Currency and Blockchain strategy and product roadmap" based a June 22 job opening.
The report suggested that Amazon could be planning to accept digital currency as a payment method but did not specify any timeline.
Hello, @miriamir! This is @anggreklestari from @OCD team. We saw that you already posted your first post here in Hive! Congratulations and welcome! However, it would be awesome if you do an introduction post. As a sample of what an intro post is, you can refer to this intro post for reference:
Keeping Up With the Buzz - My Introduction to the Hive Community
There's no specific format on how you do your intro post, but there is some suggested content that we would love to see in your post. Information like who are you and where you're from, how did you discover Hive or who invited you, what types of content you want to see here and the types that you want to produce, and what are your expectations in this platform. There's no pressure on this. You can choose whatever information you would like to share.
You can tag me @anggreklestari on your intro post then if you have done with it.
Well, you can explore the communities that are suitable for your content. You can read some of the communities in this post: OCD Communities Incubation Program
If you are looking for tips and information as a Hive newbie, click here: newbie guide.
If you have questions, you can hop into OCD's Discord server and we'll gladly answer your questions. For now, @lovesniper will follow you and we are looking forward to your intro post!