Bitcoin has been on a tear over the past two days. After breaking past $7,800 on Tuesday evening, the cryptocurrency entered a steep uptrend that saw no serious pullbacks until 36 hours later when BTC hit $9,500. This marked a 20% rally from the lows. This move largely caught traders off guard, with crypto derivatives data site Skew.com reporting that over $100 million worth of BitMEX short positions were liquidated during the rally from $7,800. […]
