Scott Melker: Bitcoin wipes out $504 million of shorts as Korea plunges 9 percent

Scott Melker: Bitcoin wipes out $504 million of shorts as Korea plunges 9 percent
Bitcoin clears $504M shorts as Korea sinks

Scott Melker, owner and content creator, highlights that Bitcoin eliminated $504 million in short positions as Korea experienced a 9 percent decline.

Melker invited his audience to discuss these market moves live at 9 a.m. EST on Macro Monday.

In recent coverage, Melker pointed to panic selling in crypto markets following Strategy’s minor BTC sale and movements from Mt. Gox wallets. He has also addressed Bitcoin’s push toward $60,000 in the wake of a major Zcash exploit that led to a 50% price drop. Melker frequently hosts live morning sessions to discuss these rapid market changes.

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