The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi. A notable portion of these were from short sellers of Bitcoin (CRYPTO: BTC). As Bitcoin advanced against the shorts, the big question on analysts’ minds was about the next critical resistance levels. The cryptocurrency market saw $158 million of Bitcoin short positions and $44 million of Ethereum (CRYPTO: ETH) short po…
