Key Takeaways
- Approximately $80 million in crypto short positions were liquidated in one hour.
- Short positions bet on price declines; their liquidation often signals bullish momentum.
Around $80 million in crypto short positions were liquidated in the past 60 minutes as digital asset prices surged higher, forcing bearish traders to close their positions at losses.
Recent market activity has shown bearish traders increasingly under pressure from sudden price surges across major digital assets. The forced closure of short positions often signals strengthening bullish sentiment in the crypto market.
Liquidations typically occur when traders’ positions move against them beyond their margin requirements, forcing exchanges to automatically close the trades to prevent further losses. The $80 million figure represents the total value of short positions that were forcibly closed during the price rally.
Source: https://cryptobriefing.com/80m-crypto-shorts-liquidated-in-the-past-hour/