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Crypto Market Cap Jumps $130 Billion as $420 Million in Shorts Are Liquidated

The move points to a sharp market rebound, with short sellers forced to close bearish positions over the past 24 hours.

Summary

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Terms & Concepts
  • Short liquidation: A forced closure of bearish positions after prices rise, often accelerating upward market moves.
  • Market capitalization: The total combined value of all circulating assets in a market, commonly used to track overall crypto market size.