Bitcoin's rebound wipes out over $170M in short positions

2026-01-02 18:55:12

Source: CryptoNewsNet Original Title: Bitcoin’s rebound wipes out over $170M in short positions Original Link:

Overview

Bitcoin’s recent price surge resulted in $209 million in liquidations over a 24-hour period, with short positions accounting for around 82% of all liquidations.

Market Data

Bitcoin’s rebound has triggered $209 million in liquidations over the past 24 hours, with short positions making up over $170 million, approximately 82% of the total. Bitcoin rose 2% to $89,700, trading close to $89,400 at the time of reporting.

Market Analysis

The wave of short liquidations comes as spot investors continue to accumulate Bitcoin amid improving market liquidity, though market conditions remain cautious.

Some analysts note that without a decisive breakout above the $90,000–$92,000 resistance zone, critically supported by an uptick in spot demand, rallies are likely to face continued retracements.

BTC1,58%

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