NewsBTC
Apr 23, 2026 upd. 7 Jun
5 2

Bitcoin tops $79,000, liquidates $205M BTC shorts in 24 hours

1 min

Bitcoin breaks $79,300; $449M in shorts liquidated

Bitcoin jumped to $79,300, up ~5% in 24 hours. It’s the first print above $79k since early February according to NewsBTC.

Bitcoin price touches $79,300

Derivatives got hit. Liquidations spiked across majors per CoinGlass.

  • $222M in Bitcoin positions liquidated in 24h; $205M were shorts CoinGlass
  • $115M in Ethereum positions; $99M were shorts CoinGlass
  • Market-wide liquidations totaled ~$449M; shorts were ~$365M, over 80% of the sum CoinGlass

The move cleared last week’s $78k cap. Sellers got squeezed as cascading stops accelerated the rally NewsBTC on short squeezes.

24h crypto liquidations heatmap