๐จ๐จ JUST IN: OVER $1 BILLION LIQUIDATED FROM CRYPTO
The crypto market just delivered a brutal short squeeze. ๐ฅ๐
๐ฅ $1.03 BILLION in crypto positions liquidated
๐ด $840M+ Shorts wiped out
๐ข $190M+ Longs liquidated
๐ฅ 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 โ which can push prices even higher and trigger another wave of liquidations. โก
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? ๐
#Bitcoin #Ethereum #Crypto #BTC #ETH #Liquidations #ShortSqueeze #CryptoNews
The crypto market just delivered a brutal short squeeze. ๐ฅ๐
๐ฅ $1.03 BILLION in crypto positions liquidated
๐ด $840M+ Shorts wiped out
๐ข $190M+ Longs liquidated
๐ฅ 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 โ which can push prices even higher and trigger another wave of liquidations. โก
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? ๐
#Bitcoin #Ethereum #Crypto #BTC #ETH #Liquidations #ShortSqueeze #CryptoNews