#Bitcoin Short Positions Face $50M Liquidation Wave in Latest Price Rally


$BTC briefly touched $105,000 before settling at $105,224, posting a 3.75% gain over 24 hours amid renewed bullish momentum.


$ETH surged past $2,400 to trade at $2,394, delivering a 6.49% daily increase as altcoins followed Bitcoin's lead.


Short position liquidations dominated the market with $50 million worth of $BTC shorts eliminated in just 60 minutes.


Total crypto liquidations exceeded $195 million in the past four hours, with short positions accounting for approximately $182 million of the wipeout.


The liquidation surge reflects traders' #bearish bets getting crushed as crypto prices reversed recent declines.


$BTC's move above $105,000 triggered cascading liquidations as leveraged short positions faced margin calls.

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June 24, 2025 at 12:55 AM
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