Over $560M in shorts wiped out in one hour as Bitcoin skyrockets [https://www.thestreet.com/.image/t_share/MjE0NTIxNTU0NTU2NDI5MzM1/gettyimages-1387537769.jpg] Over $560M in shorts wiped out in one hour as Bitcoin skyrockets More than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,000, forcing bearish traders to the exits. [https://www.thestreet.com/crypto/markets/over-560m-in-shorts-wiped-out-in-one-hour-as-bitcoin-skyrockets]