Crypto Market Liquidations Pass $320M as Bitcoin Holds Above $81K
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Bitcoin reclaimed a key resistance zone, climbing above $81,000; analysts now watch $83,000 resistance as BTC retests prior support. Crypto derivatives liquidations hit ~$320.57M in 24 hours, with short traders losing ~$242.41M and longs ~$78.16M — heavy short squeezes impacted markets across CEX and DEX.
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- Bitcoin crossed $81K as crypto liquidations exceeded $320 million in 24 hours.
- Short traders lost over $242 million as Bitcoin reclaimed the key resistance zone.
- Analysts watch $83K resistance as Bitcoin retests prior support zone.
The crypto market recorded more than $320 million in liquidations over the past 24 hours as Bitcoin climbed above the $81,000 level for the first time in months, leading to heavy losses for bearish traders across derivatives markets. Data from CoinGlass showed that short positions accounted for the majority of liquidations during the session, showing the extent of bearish positioning before Bitcoin reclaimed the key resistance range.
The total liquidations reached approximately $320.57 million during the 24-hour period. Short positions contributed nearly $242.41 million, while long liquidations stood at around $78.16 million.
Read The Full Article Crypto Market Liquidations Pass $320M as Bitcoin Holds Above $81K On Coin Edition.
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