Bitcoin Jumps 5.5% to $86,575 as $1.02B Liquidated in 24 Hours, 82% Shorts
- —Total 24-hour liquidations hit $1.02B, with shorts at $840.6M (82%)
- —Bitcoin gained 5.5% to $86,575.4; BTC short liquidations $536.4M vs $69.9M longs
- —Ethereum rose 3.17% to $2,741.41 with $144.4M in short liquidations; Solana +5.54% to $117.51
- —XRP climbed 7.4% to $1.5175 with $23.35M shorts liquidated; 132,780 traders wiped out
Why it matters: The short squeeze fueled the rally, but the last four hours flipped to long liquidations, signaling rising pullback risk.
Source: Blockmedia