Bitcoin at $79,200: $107M Short Squeeze Amid BTC Reserve Law Expectations
- —$109.96 million liquidated in an hour, of which $105.7 million were shorts (96%)
- —Short liquidations for ETH in an hour were $72.26 million, for BTC $21.2 million
- —$368.87 million liquidated over 24 hours, shorts $235.49 million
- —XRP rose 8.29%, Zcash gained 9.49%
Why it matters: The short squeeze amplified gains ahead of the CLARITY Act vote and the U.S. bitcoin reserve bill review, with volatility set to persist.
Source: Blockmedia