Bitcoin’s recent surge past the $100,000 mark triggered significant short selling liquidations, exceeding $800 million across major centralized exchanges according to CoinGlass data. This dramatic price movement highlights the market’s bullish trend and its impact on traders worldwide. Analysts believe this rapid increase in Bitcoin’s value has significantly affected short positions, particularly those held by leveraged traders. Short sellers were particularly impacted, with almost $300 million worth of leveraged shorts wiped out in a single day. This massive liquidation signals the vulnerability of betting against Bitcoin. While Bitcoin prices have risen, data from CoinGlass suggests that when the price drops below $96,000, long positions may suffer losses, highlighting a potential balancing effect within the market.