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Crypto News: Over $1B in Crypto Shorts Liquidated as Bitcoin and Ether Rally to New Highs
Bitcoin and Ether surged to fresh highs, triggering over $1 billion in crypto short liquidations. More than 232,000 traders were affected in the latest market shakeout.
Crypto Market Liquidates $1B in Shorts as Bitcoin and Ether Hit New Highs
A rapid surge in Bitcoin and Ether prices triggered over $1 billion in crypto short liquidations in the past 24 hours, marking one of the largest short squeezes of the year.
According to CoinGlass, approximately 232,149 traders were liquidated, totaling $1.01 billion in forced closures across crypto markets. Bitcoin shorts accounted for the largest portion, with $570 million liquidated, followed by $206.9 million in Ether short positions.