Ethereum
Bitcoin, Ether and Solana Rise as $1 Billion in Shorts Liquidated
Three major cryptocurrencies gained value as leveraged short positions worth $1 billion were closed out across markets.
Bitcoin, Ethereum and Solana all moved higher following a wave of short liquidations totalling $1 billion. The forced closure of bearish bets typically occurs when prices rise sharply enough to trigger automatic position exits for traders operating on margin.
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