$635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze
Crypto markets experienced significant liquidations totaling $635.9 million, primarily from short positions, with over $560 million lost. Bitcoin (BTC) led with $293 million in short liquidations as its price surged past $94,000, a 6.29% increase in one day. Ether (ETH) saw over $109 million in short liquidations, climbing nearly 10% to $1,787. Binance recorded the highest liquidation volume at $18.7 million in four hours, predominantly from short positions. Analyst Mister Crypto noted liquidity is accumulating around the $100,000 level for Bitcoin, suggesting a potential short squeeze could drive prices higher. Bitcoin reached a 45-day high of $94,236. However, some analysts express skepticism about an imminent rise to $100,000, citing macroeconomic factors and upcoming Federal Open Market Committee meetings as critical influences on Bitcoin's trajectory.
