What Crypto Derivatives Say About Bitcoin's Record Price

decrypt.co/329661/crypto-derivatives-bitcoins-record-price

In brief
- Bitcoin surged more than 6% on Thursday, breaching $117,500 amid over $1 billion in liquidations, mostly from short positions.
- Analysts say the rally was driven by short-covering in derivatives, with spot markets showing weak underlying demand.
- Despite the move, funding…

This story appeared on decrypt.co, 2025-07-11 14:52:26.028000.
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