Citing NewsBTC, Bitcoin surged to $92,000 on Tuesday, triggering a short squeeze that liquidated $182 million in Bitcoin short positions. The price recovery followed a drop below $84,000 on Monday, with the cryptocurrency market rallying alongside BTC. Ethereum and Solana also saw significant liquidations, with $95 million and $18 million in short positions closed, respectively. Overall, the crypto derivatives market saw over $410 million in liquidations in the past 24 hours, with 85% attributed to short contracts.
Bitcoin Surges to $92,000, Liquidating $182 Million in Short Positions
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