$375 Million in Crypto Liquidated as Bitcoin Surges Past $80,000
- In the last 24 hours, $375.02 million in leveraged crypto bets were liquidated.
- Short positions accounted for $304.96 million of the total liquidations.
- Bitcoin led with $160.8 million liquidated, primarily from short positions.
- Ethereum followed with $84.7 million liquidated, also dominated by shorts.
- Over 98,000 traders were forced out of their positions during this surge.
As Bitcoin’s price reached $80,416—up nearly 3% in a day—many traders betting against the market faced significant losses. The sharp rise triggered massive liquidations among those holding short positions in both Bitcoin and Ethereum, highlighting the volatility that characterizes cryptocurrency markets.
The recent surge in Bitcoin’s price has resulted in substantial losses for short sellers, with over $375 million liquidated across various assets. This event underscores the risks associated with leveraged trading in the current market environment.
