Bitcoin & Altcoin Liquidations Spike as Short Traders Get Edged Out

A significant shift in trader sentiment has impacted major cryptocurrencies like Bitcoin (BTC) and XRP, leading to a notable rise in liquidations. Over the past 24 hours, market losses have totaled over $225 million, according to CoinGlass data, with more than 84,000 traders affected. 💰 The increase in liquidations is largely attributed to short-selling activity as bullish momentum pushes prices higher.