Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000
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Recent data shows significant liquidations in the cryptocurrency derivatives market following Bitcoin's rally above $63,000. According to CoinGlass, contract liquidations reached $126 million in the past 24 hours, with $101 million of these being short positions, primarily due to a short squeeze. Bitcoin saw $45 million in liquidations, followed by Ethereum ($24 million) and Solana ($8 million). Interestingly, XRP had more long liquidations, likely due to its sideways price movement compared to the broader market rally. Bitcoin's price briefly hit $63,000 and is now floating above the critical $62,000 support level.
Fuente: www.newsbtc.com ↗
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