Cryptocurrency Short Sellers Fuel Market Swings After Bitcoin Breaks $110,000 Barrier

Bitcoin’s price surge past $110,000 has triggered an acceleration of short position liquidations on exchanges like Hyperliquid. This week’s volatility, initially characterized by low trading volumes, saw $169.75 million in Bitcoin positions liquidated from Hyperliquid alone, alongside another $160.53 million in Ethereum positions. The resulting market drama has brought attention back to short selling strategies and the potential for explosive price movements in the volatile crypto world.