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Crypto

Bitcoin Price Surge Wipes Out Nearly $1 Billion in Leveraged Bets

Guavy AI Editorial Team
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BTC ETH BNB
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Bitcoin's price surge has left traders who bet against it reeling. In the past 24 hours, nearly $1 billion in leveraged bets have been liquidated as BTC's price punches through $86,000.

Much of these losses come from short positions: Bitcoin shorts alone amount to $454.95 million. Ethereum followed with $172.68 million in shorts and $28.61 million in longs.

More than 131,000 traders have been forced out as a result. The largest single close was an $11.29 million Bitcoin position on Binance.

The price of Bitcoin is currently trading at $86,038, up 5.5% in the last 24 hours.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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