CoinGlass data reveals that the price surge in the past 24 hours has led to the liquidation of an impressive $36.6 million worth of short positions, making it the highest liquidation volume recorded this month.
A short squeeze occurs when traders who hold bearish positions are forced to buy back assets in a rapid upward market movement, leading to a rally.
Square Enix, the Japanese video game firm, is forging forward with its aim of incorporating blockchain technology into its games. The relevance of user-generated content and the advantages that allowing for its development, as well as the introduction of blockchain-based self-sustaining economies, could have on the future of the gaming industry were discussed by the company's president in a recent interview.
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