Bitcoin short sellers are out $161M as Bitcoin surprises with 11% rally. And more than $268 million in shorts liquidated throughout the wider crypto market. https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-02/a63433d3-9bad-4ce1-b215-3485c0f201de.jpg
The rally in Bitcoin also had an impact on the wider crypto market. More than $268 million in short positions were liquidated throughout the market as Bitcoin briefly touched $57,000. In total, over $270 million in short positions were liquidated within the last 24 hours