Bitway (BTW) Surges Over 5000% Amid Short Squeeze, Reaches $2.75

Bitway (BTW) token reached a record high of $2.75 on October 14 before retreating to $2.45, marking a 27.5% gain in 24 hours. This rally saw nearly $2.9 million in short positions liquidated in a single day, according to CoinGlass. BTW, which offers yield-earning products and develops a Bitcoin-compatible blockchain, has seen its market cap enter the top 20 cryptocurrencies, partly due to its limited circulating supply of 1.5 billion out of 10 billion tokens. The rally was supported by Binance Wallet campaigns, Bitway Earn programs, and the addition of BTW trading on October 13 by Bitrue.