Crypto bears got it wrong again, losing $300 million in liquidations: Crypto Markets Today
CoinDesk
Bitcoin's surge toward $80,000 triggered over $300 million in short liquidations as bearish traders were caught offside by the market rally.Summary
Bitcoin's climb to over $80,000 resulted in $370 million in total liquidations, with $301.93 million coming from short positions. This marks the second major short squeeze in two weeks, as persistent negative funding rates forced bearish traders to unwind positions violently. While Bitcoin and Ether saw significant futures open interest, real-world asset tokens like ONDO also rallied following positive regulatory developments regarding the CLARITY Act.
(Source：CoinDesk)