Bitcoin surged past $80,000 early Monday, marking its highest level since late January, before stabilizing near $79,800. This sharp move sparked over $370 million in crypto liquidations within 24 hours, impacting more than 97,000 traders. Notably, short positions accounted for nearly $302 million of these losses, highlighting how bearish traders were caught off guard by the rally. The dominance of short liquidationsroughly four times higher than long liquidationssignals that many traders had positioned for a downturn. As Bitcoin prices climbed, these positions were forcefully closed,… Read more
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