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Crypto

Bitcoin Soars Past September High Amidst Widespread Short Liquidations

Guavy AI Editorial Team
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BTC
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Bitcoin's price surged to $84,984 on Monday, marking its highest level since September.

This significant increase of 5.4% within a 24-hour period came amidst massive short liquidations, with a total of $746 million in positions being closed out.

A substantial $647.9 million of these liquidated positions were attributed to shorts, indicating a shift in market sentiment.

According to Coinglass data, Bitcoin shorts accounted for $277.5 million of the total liquidations, while Ether shorts contributed $122.8 million.

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