Short positions opened in Bitcoin (BTC) have caused traders to lose over $178 million in the past 24 hours due to the price surpassing a critical resistance level. The price of Bitcoin jumped as expectations of the Securities and Exchange Commission (SEC) approving a long-awaited spot Bitcoin exchange-traded fund (ETF) increased, resulting in the liquidation of many traders. The post Bitcoin Consolidation Gives an Important Signal: Traders Lose Over $178 Million appeared first on COINTURK NEWS.