Nearly $1 Billion in Crypto Liquidations Hit as Bitcoin Jumps 4.6%
Crypto liquidations hit $974.80 million over 24 hours as the market rallied, with most losses falling on traders who had bet on further declines. Bitcoin rose 4.64% to $80,480, putting it just above the $80,000 level it has struggled to hold. The short squeeze signals strong upward momentum and forced buying that traders will watch for continuation or exhaustion.