Crypto Shorts Liquidated As Bitcoin Surges
Approximately $110 million in short positions across cryptocurrencies including Bitcoin and Ethereum were liquidated within a ten-minute window due to a sudden market rally.
Around $110 million in short positions were liquidated in a ten-minute burst on October 2 as Bitcoin, Ethereum and the wider market moved sharply higher. The move was a reminder of how quickly leverage can amplify a routine price swing.