$428 million in short positions have been liquidated in the last 4 hours. Bitcoin’s move above $75,000 caught a lot of traders on the wrong side. Over $1 billion in shorts have now been wiped out in the last 24 hours. This is why leverage matters. When too many traders are positioned the same way, the market only needs one big move to trigger a cascade. Bitcoin $BTC didn’t just move higher. It forced billions in bearish bets to unwind.