Category: News

Bitcoin Short Squeeze Wipes Out Record $2.7B as BTC Nears $70K

Bitcoins surge toward $70,000 triggered nearly $2.7 billion in short liquidations within 24 hours, marking the largest forced closure of bearish crypto positions in CoinGlass records dating back to 2021. Total crypto liquidations approached $3 billion across 172,108 traders. Short positions represented roughly 92% of the losses, while long liquidations totaled about $257 million. That […]