The price of bitcoin futures has risen by almost a third

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p>On the cryptocurrency derivatives <strong>exchange Binance Futures<&sol;strong>&comma; <strong>contracts <&sol;strong>for the first <strong>cryptocurrency &lpar;bitcoin&rpar; <&sol;strong>reached &dollar; 48 thousand&comma; after which they returned to the average market values&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The price of <strong>Bitcoin <&sol;strong>perpetual futures on the <strong>Binance Futures platform <&sol;strong>on the morning of July 26 rose above &dollar; 48 thousand&comma; adding 31&percnt;&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>This happened after the main <strong>cryptocurrency <strong>&lpar;bitcoin&rpar;<&sol;strong> <&sol;strong>rose in price to a local maximum of &dollar; 39&period;8 thousand&comma; the <strong>digital coin<&sol;strong> is trading at &dollar; 38&period;7 thousand&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-text-align-center has-vivid-red-color has-text-color"><em><strong>Futures is a contract to sell or buy an underlying asset in the future at a predetermined price&period;<&sol;strong><&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The cost of <strong>bitcoin <&sol;strong>began to grow rapidly after unconfirmed information appeared <a href&equals;"https&colon;&sol;&sol;www&period;cityam&period;com&sol;amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">on the network that <strong>Jeff Bezos<&sol;strong>&&num;8216&semi; <&sol;a><strong>Amazon platform <&sol;strong>would begin accepting <strong>cryptocurrency <&sol;strong>for payment by the end of this year&period;<&sol;p>&NewLine;&NewLine;&NewLine;<blockquote class&equals;"twitter-tweet">&NewLine;<p lang&equals;"en" dir&equals;"ltr">Picture perfect short squeeze on <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;search&quest;q&equals;&percnt;24BTC&amp&semi;src&equals;ctag&amp&semi;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&dollar;BTC<&sol;a>&period; This belongs in a textbook&period; <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;FRLXtcCXiw">pic&period;twitter&period;com&sol;FRLXtcCXiw<&sol;a><&sol;p>&NewLine;<p>&mdash&semi; Alex Krüger &lpar;&commat;krugermacro&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;krugermacro&sol;status&sol;1419482295640203266&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">July 26&comma; 2021<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to <strong>cryptanalyst <&sol;strong>and macroeconomist Alex Kruger&comma; <strong>bitcoin <&sol;strong>has risen sharply by 14&percnt; due to the short squeeze&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>This is a massive liquidation of short positions as a result of a sharp rise in the price of an <strong>asset<&sol;strong>&comma; which leads to even greater growth&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;