Nearly $1 Billion in Crypto Liquidations Hit as Bitcoin Jumps 4.6%
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin’s 4.64% rise to $80,480 over 24 hours triggered $974.80 million in crypto liquidations, with most losses hitting traders who had bet on further declines, according to Coinglass data. The move pushed BTC just above the $80,000 level it has struggled to hold. The scale of short liquidations underscores how a relatively modest rally can force leveraged bearish positions to unwind. Traders will watch whether Bitcoin can establish support above $80,000 or slip back below the threshold.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
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