Short Squeeze Lifts Bitcoin Toward $62,000 — Bears Lose $281 Million
Bitcoin surged toward $62,000** as a powerful short squeeze liquidated **$281 million in bearish bets over 24 hours. BTC traded near **$61,360**, up 2.5% over seven days. **Ether rose 4.2%** to $1,702, while Solana gained 18.6% weekly, the strongest among majors. The largest single liquidation was an $18.2 million ETH position on Hyperliquid**. Total forced closures reached **$440 million across 95,690 traders. The move was triggered by weaker-than-expected U.S. employment data, which reduced bets on Fed rate hikes.
