Bitcoin, Ether, XRP Trigger $259M Short Squeeze After Sticky PCE Data
- —$259.12 million liquidated in 24 hours, hitting 73,709 traders
- —Short liquidations hit $82.61 million in the first hour versus $3.09 million in longs
- —Bitcoin shorts lost over $51.69 million, with a single $6.91 million liquidation on HTX
- —Ether contributed $16.39 million in liquidations, XRP traded near $1.4975
Why it matters: Bitcoin's resilience to bearish macro headlines signals deep institutional support via ETFs and funds, reducing the odds of a sharper correction.
Source: U.Today