Futures tracking bitcoin (BTC) and ether (ETH) racked up nearly $200 million in liquidations as volatility on Thursday saw prices break above, and back below, resistance levels. On Thursday, bitcoin dipped under the $20,000 amid a broader fall in Eurasian markets, recovered over that level, and then fell to as low as $18,650 in U.S. evening hours. A short squeeze then saw bitcoin touch over $20,900 in early Asian hours on Friday, which was then followed by a drop to $19,400 at writing time as traders took profits. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial ... (full story)