Most of the liquidations that occurred on BitMEX on December 18 were short contracts. It shows that over-leveraged shorts were squeezed out, pushing the bitcoin price up so quick in a short time frame. 70% of liquidations were shorts According to Skew Research, the overwhelming majority of bitcoin contract liquidations on BitMEX were shorts. The...The post BitMEX Liquidations Shows Why Bitcoin Abruptly Surged by $1,000 Overnight appeared first on NewsBTC.