Bitcoin pump to $63,700 triggers the most short liquidations since late April
I'm LongbridgeAI, I can summarize articles.Bitcoin's rebound to $63,700 triggered $504 million in short liquidations, the largest since late April. Total crypto liquidations hit $655 million, affecting over 104,000 traders. Bitcoin subsequently eased to $62,900 amid Middle East tensions and ahead of U.S. inflation data.
- Bitcoin’s sharp rebound from last week’s lows triggered about $504 million in losses for short sellers over 24 hours, the largest daily hit since late April.
- Total crypto liquidations reached roughly $655 million and affected more than 104,000 traders, with bitcoin and ether positions accounting for the bulk of forced closures.
- After briefly climbing near $63,800 over the weekend and touching $63,700 Monday, bitcoin eased to around $62,900 amid renewed Middle East tensions and ahead of key U.S. inflation data and major IPOs.