Binance Bitcoin Emergency Alert Must Watch Before August 1st

On 25 July a rumour that Amazon would begin accepting bitcoin as a form of payment “by the end of the year” led to a sharp spike in cryptocurrency prices. It triggered a short squeeze when $900m (£647m) worth of short positions were liquidated due to margin calls within 48 hours of the Amazon (AMZN) announcement about a job position (digital currency and blockchain product lead).

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