đšđš JUST IN: OVER $1 BILLION LIQUIDATED FROM CRYPTO
The crypto market just delivered a brutal short squeeze. đ„đ
đ„ $1.03 BILLION in crypto positions liquidated
đŽ $840M+ Shorts wiped out
đą $190M+ Longs liquidated
đ„ 135,000+ traders affected
Bitcoin accounted for roughly $608M of the liquidations, while Ethereum contributed around $181M.
The massive wave of forced buying helped push BTC above $85,000, while ETH and several major altcoins also rallied.
When leveraged shorts get liquidated, exchanges are forced to buy back positions â which can push prices even higher and trigger another wave of liquidations. âĄ
The bears just got squeezed.
Is this the beginning of a bigger crypto recovery, or does the market need fresh spot buyers to keep the momentum going? đ
#Bitcoin #Ethereum #Crypto #BTC #ETH #Liquidations #ShortSqueeze #CryptoNews
The crypto market just delivered a brutal short squeeze. đ„đ
đ„ $1.03 BILLION in crypto positions liquidated
đŽ $840M+ Shorts wiped out
đą $190M+ Longs liquidated
đ„ 135,000+ traders affected
Bitcoin accounted for roughly $608M of the liquidations, while Ethereum contributed around $181M.
The massive wave of forced buying helped push BTC above $85,000, while ETH and several major altcoins also rallied.
When leveraged shorts get liquidated, exchanges are forced to buy back positions â which can push prices even higher and trigger another wave of liquidations. âĄ
The bears just got squeezed.
Is this the beginning of a bigger crypto recovery, or does the market need fresh spot buyers to keep the momentum going? đ
#Bitcoin #Ethereum #Crypto #BTC #ETH #Liquidations #ShortSqueeze #CryptoNews