Bitcoin Liquidations Signal Potential End of Bear Market?

Recent significant short-selling liquidation events, including a $618 million episode in just one day, suggest that the prolonged bear market might be reaching its end. The majority of this surge came from Bitcoin, with an estimated $317 million in liquidations specifically linked to short positions. A key factor behind this surge was a sharp spike in leverage-based short squeezes, where overleveraged traders were forced to cover their positions rapidly.