Bitcoin, Ether Futures Rack up Nearly $200M in Liquidations on Short Squeeze

On Thursday, bitcoin dipped under the $20,000 amid a broader fall in Eurasian markets, recovered over that level, and then fell to as low as $18,650 in U.S. evening hours. A short squeeze then saw bitcoin touch over $20,900 in early Asian hours on Friday, which was then followed by a drop to $19,400 at writing time as traders took profits.