Bitcoin jumps to $72,800, squeezes $473M crypto bears in derivatives market
Crypto rally triggers $627M in liquidations, shorts lose $473M
A sharp rebound in Bitcoin and majors wiped out $627 million in crypto derivatives in 24 hours. Shorts took most of the hit.
The flush followed upside price action after a reported Iran–US ceasefire headline. Total liquidations reached $627 million, per CoinGlass.
Shorts accounted for $473 million. Longs for the rest. Source.
- Bitcoin led with $276 million liquidated
- Ethereum followed with almost $121 million
- Solana saw $19 million
Speculative positioning stayed elevated. Ethereum open interest jumped over 14% as price reclaimed $2,200, per CryptoQuant analyst Maartunn’s X post. What open interest tracks is explained here.
Price action stayed volatile. Bitcoin spiked to $72,800, then eased to $71,600.
