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$500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K

$500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K

Over 140,000 traders were liquidated over the past 24 hours.

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Bitcoin Blasts Past $100K, Altcoins Moon

Bitcoin finally shrugged off its $100K resistance, rocketing to a fresh multi-month high above $101,000 after stalling near $99,700 on chatter of US-China tariff talks and a teased UK deal from Trump. The broader market rode the wave too—ETH leapt back above $2,000, while altcoins like VIRTUAL (+36%), PENGU (+33%), PEPE, SUI and FARTCOIN all chalked up 20–25% daily gains.

$500M in Shorts Wiped Out

The squeeze was brutal: nearly $580 million in total liquidations over 24 hours, almost $500 million of which were short positions, nuking more than 145,000 trades and liquidating over 140,000 traders. Bitcoin’s realized cap also smashed into a new all-time high, capping off a wild rebound from sub-$75K lows just weeks ago.

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