Bitcoin News

Story: Nearly $360 Million in Crypto Shorts Liquidated as Bitcoin Rebounds to $116,000

By Steven Anderson

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$467 Million in Crypto Positions Wiped Out. The sudden upward movement across the crypto market sparked one of the largest short squeezes in…

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Bitcoin and Ethereum Lead the Short Squeeze. Bitcoin accounted for the largest portion of the liquidations, with $177 million worth of BTC…

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ETF Inflows Reinforce Bullish Sentiment. Beyond liquidations, institutional demand continues to support Bitcoin’s price action.

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Derivatives Data Points to Market Reset. The large-scale liquidation event effectively resets leveraged positions in the market, reducing…

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Outlook: Momentum Builds for Next Leg Higher. The short squeeze and growing ETF inflows signal that Bitcoin’s underlying demand remains intact.

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Bitcoin (BTC) surged sharply over the past 24 hours, reclaiming the $116,000 mark and triggering widespread liquidations across derivatives exchanges.

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According to market data, Bitcoin climbed from the $112,000 region to briefly touch $116,000 before a slight pullback to around $115,400.

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Ethereum (ETH) followed a similar pattern, climbing to $4,250 before stabilizing near $4,160 — up 3.4% for the week.

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Liquidations occur when leveraged positions are forcibly closed due to insufficient margin, typically during sharp price swings.

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Of the total amount liquidated, $358 million (76.6%) came from short positions, highlighting how heavily the market had leaned bearish before the rebound.

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Among altcoins, Solana (SOL) saw the third-largest flush, with $34 million in short contracts closed.

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This wave of liquidations underscores how leveraged short traders were caught off guard by Bitcoin’s resilience above key support zones.

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Beyond liquidations, institutional demand continues to support Bitcoin’s price action. Spot Bitcoin exchange-traded funds (ETFs) have seen a resurgence of inflows over the past…

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According to data shared by CryptoQuant analyst Maartunn, Bitcoin ETFs recorded $4.7 billion in net inflows over the last 30 days.

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Ethereum ETFs, which received regulatory approval in mid-2024, also posted inflows of $983 million during the same period — a positive sign for broader market adoption, though…

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