In a dramatic shift, $90 million worth of Bitcoin and Ethereum shorts were liquidated within a 30-minute span, underscoring the volatile nature of current cryptocurrency markets. This event aligns with a broader trend of bullish sentiment observed in recent weeks, often leading to short squeezes as prices climb. Additionally, automated liquidation mechanisms on exchanges are swiftly triggered during rapid price surges, impacting traders holding leveraged short positions in these volatile assets.
$90 million in Bitcoin and Ethereum shorts liquidated in 30 minutes
