Bitcoin Shorts Worth $113 Million Liquidated Amid Price Surge

A major shake-up occurred in the cryptocurrency market as over $113 million worth of Bitcoin shorts were liquidated within the last hour, coinciding with Bitcoin’s push towards a new all-time high. Exchanges like Binance, OKX, and BTCC played a significant role in this massive liquidation event. Binance recorded the largest single position closure, showcasing a notable shift in market dynamics.