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Bitcoin Surges $1.2 Billion in Shorts Liquidated Amid Washington Bullishness

Guavy AI Editorial Team
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HYPE BTC
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Bitcoin prices surged on Friday, climbing 7.9% to around $77,137 after touching an intraday high of $79,320.

The rally triggered a short squeeze, with $1.2 billion in shorts liquidated across 178,777 traders over the past 24 hours, according to CoinGlass data.

The surge follows a week of bullish Washington sentiment, including Trump's backing of the Clarity Act and signals that regulators are working to bring Hyperliquid onshore.

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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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