Bitcoin
Over $544 Million Liquidated as Bitcoin Surpasses $81,000
Leveraged short positions bore the brunt of liquidations across digital asset exchanges during a sharp crypto market advance.
More than $544 million worth of leveraged cryptocurrency positions were liquidated over a 24-hour period as Bitcoin rallied through the $81,000 level. According to data from CoinGlass, short positions accounted for the vast majority of closures, totaling approximately $456.44 million, compared with $88.42 million in liquidated long trades.
The price increase coincided with broader macroeconomic shifts, including weakness in traditional currency markets. The U.S. Dollar Index dropped by 0.58% to 99.001, while the dollar depreciated roughly 2.5% against the Japanese yen amid suspected official currency intervention, accompanying Bitcoin's 24-hour gain of nearly 4%.
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