Bitcoin broke through $91,000 today, triggering over $300 million in short liquidations, according to data from Coinglass.
BREAKING: Bitcoin is on track for its biggest daily gain since May 2025, nearing $91,000, as levered short liquidations surge.
In the last 60 minutes alone, ~$140 million of shorts have been liquidated compared to just ~$3 million of longs.
Recent swings in crypto are ENTIRELY… https://t.co/cIDnDkvV6B pic.twitter.com/ElxAw4BUiw
— The Kobeissi Letter (@KobeissiLetter) December 2, 2025
The rapid price increase affected thousands of traders holding short positions, with liquidations occurring across multiple exchanges. Analysts note that such sudden upward movements can amplify volatility, forcing leveraged traders to close positions automatically. The surge comes amid growing market optimism and increased institutional activity, further intensifying buying pressure.
Market participants are now watching for potential pullbacks or consolidation levels, as Bitcoin tests new all-time highs. Traders are advised to monitor leverage exposure closely, as further volatility could lead to additional liquidations in the short term.
Source: Coinglass
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