Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum climbed 3.61% to $3,171, with short liquidations exceeding longs, signaling strong upward pressure from forced buybacks. Liquidations were concentrated on major exchanges like Binance and OKX, with altcoins also seeing significant forced sales, highlighting volatile market conditions and pockets of excess leverage. Investors should watch if the rally sustains beyond forced liquidations and monitor exchange-specific risks and market breadth for signs of continued momentum or reversal.
Bitcoin price dropped about 2.7% to below $79,300 following a stronger-than-expected US jobs report that increased expectations for a Federal Reserve rate hike. The US economy added 162,000 jobs in August, far exceeding forecasts, which strengthened ...
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
Bitcoin's price pulled back to around $81,150 after briefly exceeding $82,000 on September 4, driven by profit-taking following a short squeeze fueled by softer Federal Reserve rate hike expectations and strong inflows into US spot Bitcoin ETFs total...
The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short s...
Economists expect the US economy to add about 53,000 to 56,000 jobs in August, a rebound from July's loss. The unemployment rate is forecasted to stay near 4.1%. This jobs report is crucial as it influences Federal Reserve decisions on interest rates...
