On-chain data shows that crypto traders with open short positions saw $71 million worth of liquidations in a single hour on Monday (ET hours.)

What Happened: According to data from CoinGlass, $71.13 million shorts were liquidated over a one-hour period as Bitcoin (CRYPTO: BTC) surged to $31,177 during early Asian hours on Tuesday.

Meanwhile, just $7.26 worth of …

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