- The crypto market witnessed nearly $1 billion in liquidations in the past 24 hours, with short liquidations accounting for $834 million.
- The short squeeze stemmed from Bitcoin and Ether’s rally above $100,000 and $2,100 following the US-UK trade agreement.
- The largest liquidated position occurred on Binance, wiping out a BTC/USDT trade worth $11.97 million.
Bitcoin (BTC) and Ethereum (ETH) short traders took a major hit on Thursday, sparking nearly $1 billion in crypto liquidations. The short squeeze was fueled by BTC and ETH crossing $100,000 and $2,100, respectively, following President Trump’s announcement of the US and UK reaching a trade agreement.
Crypto market liquidations near $1 billion following US-UK trade agreement
The crypto market saw a quick rebound on Thursday, with the total market cap climbing to $3.3 trillion for the first time since early March. Bitcoin and Ethereum led the charge, gaining 6% and…
