Bitcoin Wipes $215M in Shorts, Inches From $100K Breakout
Bitcoin price surge has intensified in the last few days as the leading cryptocurrency, currently trades at about $99,816.94, as CoinMarketCap reveals, just a few dollars away from the big $100,000 milestone that everyone’s been talking about. This Bitcoin price surge triggered a pretty massive $215 million liquidation of short positions just in the past 24 hours alone. Source: CoinMarketCap Also Read: Solana (SOL) & Cardano (ADA) Eye RWA, Trading Stocks On Blockchain Bitcoin Price Surge and Key Market Risks Ahead of $100K Breakout Source: Watcher Guru Market Liquidations Hit $298M The crypto market experienced one of its most aggressive shakeouts in recent weeks. At the time of writing, Bitcoin led the wipeout with approximately $114.46 million in liquidations, and then Ethereum followed with around $65 million in losses too. Short positions definitely bore the brunt with $215 million wiped out, which created what traders are calling a classic short squeeze right in the middle of...