Crypto Liquidations Top $756M as BTC, ETH and XRP Hit Local Peaks
- —Daily liquidations topped $756 million, with about $650 million from short positions
- —Bitcoin rose above $85,000, adding roughly $10,000 from its weekly low near $75,000
- —Ethereum reclaimed $2,700 with a 6% daily gain, while XRP rose more than 7%
- —More than 136,000 traders were liquidated, with $450 million wiped out in four hours
Why it matters: The short squeeze confirms a sentiment shift after the CLARITY Act failure and the Fed rate hike, but the scale of liquidations raises the risk of a pullback.
Source: Crypto Economy