Bitcoin's Bull Run Triggers Massive Short Liquidations: $220 Million Lost in Minutes!

Bitcoin's surge past $34,000 has caused over $220 million in leveraged short positions to be wiped out over the past 24 hours, with derivatives traders enduring more than $400 million in liquidations.

Short positions were hit hardest, with over $304 million in shorts liquidated compared to $97.5 million in long positions.

This is the largest liquidation since August 17. The global cryptocurrency market capitalization has increased to $1.32 trillion, a rise of 9.8% over the last 24 hours.

Analysts observe bullish signals, with increased interest from institutional investors amid economic uncertainty and global unrest.

#BTC #BULLS #etf #MINA #CRYPTO_VETERAN

$BTC $ETH $BNB