Bitcoin’s $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High

In brief

• Bitcoin bounced 7.5% from Friday’s $59,353 low to highs of $63,800 on Monday.
• The weekend recovery liquidated $540 million in short positions on Sunday, the highest level since mid-April.
• Experts remain cautious about the rebound, saying it does not confirm a trend reversal yet.