A fast bitcoin rebound toward $64,000 wiped out about $320 million in crypto short positions in just 15 minutes, flipping weeks of long liquidations.

Bitcoin plunges below $60K in a $200B crypto market sell-off. As liquidations top $1.B, Michael Saylor responds to criticism with a new essay.

Bears are in control of Bitcoin for now, but their fresh $2.6 billion in short positioning could provide fuel for the next upward squeeze.