The price of Bitcoin rebounded upward, driven back above the $80,000 barrier, marking its highest level in over ten days. Data from CoinGlass reveals that this rapid movement caused the liquidation of over $180 million in leveraged short positions within hours, concentrating the bulk of losses on contracts tied to BTC and Ethereum.
The unexpected surge follows days of marked macroeconomic and regulatory uncertainty, solidly absorbing both the recent legislative setback in the US Senate and shifts in global interest rates. The revival of buying pressure spread to the rest of the market, pushing Ether above $2,550 and boosting the overall volume of major crypto assets.
Looking ahead to upcoming sessions, focus will be on the asset’s ability to consolidate $80,000 as key support and absorb profit-taking following the massive liquidation.
Source: https://www.coinglass.com/liquidations
Disclaimer: Crypto Economy Flash News are prepared from official and public sources verified by our editorial team. Their purpose is to promptly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.
