Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market

04/24/2025 08:00
Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market

Bitcoin's latest liquidation sweep erased $652.84 million across crypto in the past 24 hours, wiping out 172,948 traders.

Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market 10 seconds ago · 2 min read

Shorts accounted for half of the losses seen in the past 24 hours as Bitcoin's surge past $94,000 leads to mass liquidations.

2 min read

Updated: Apr. 24, 2025 at 12:05 am UTC

Bitcoin’s spike above $93k wipes out shorts, $652M liquidated across the market

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

As Bitcoin's latest price rebound sent shockwaves across the crypto trading landscape, an unexpected liquidation sweep erased $652.84 million, leaving 172,948 traders in its wake. At the heart of this turmoil was a startling statistic: nearly 95% of Bitcoin liquidations were shorts, predominantly concentrated on platforms like Bybit, HTX, and Gate.io. But what triggered this massive shake-out, and how did a sudden macroeconomic shift play a pivotal role in this dramatic market turn? Discover the unexpected catalyst that left traders scrambling...

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