Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated
In brief Bitcoin climbed 7.9% over 24 hours to around $77,137—up 23.2% on the week—after touching an intraday high of $79,320. The rally triggered a short squeeze, with CoinGlass logging about $1.5 billion in total crypto liquidations across 178,777 traders in 24 hours—roughly $1.21 billion of it in shorts.
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Key Facts
- Fact 1: In brief Bitcoin climbed 7.9% over 24 hours to around $77,137—up 23.2% on the week—after touching an intraday high of $79,320.
- Fact 2: The rally triggered a short squeeze, with CoinGlass logging about $1.5 billion in total crypto liquidations across 178,777 traders in 24 hours—roughly $1.21 billion of it in shorts.
- Fact 3: The largest cryptocurrency changed hands around $77,137, up 7.9% over the past 24 hours, according to CoinGecko data, after touching an intraday high of $79,320.
- Fact 4: The move capped a strong week that left Bitcoin up 23.2% over seven days, even as it remained down roughly 31.8% from a year ago.
In brief Bitcoin climbed 7.9% over 24 hours to around $77,137—up 23.2% on the week—after touching an intraday high of $79,320. The rally triggered a short squeeze, with CoinGlass logging about $1.5 billion in total crypto liquidations across 178,777 traders in 24 hours—roughly $1.21 billion of it in shorts.
The surge follows a week of bullish Washington sentiment, including Trump backing the Clarity Act and signaling regulators are working to bring Hyperliquid onshore.. Bitcoin extended its rally on Friday, punishing traders who had bet against it and wiping out more than a billion dollars in bearish positions. The largest cryptocurrency changed hands around $77,137, up 7.9% over the past 24 hours, according to CoinGecko data, after touching an intraday high of $79,320.
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Original source: Decrypt
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