CentBit.Online – Crypto & Blockchain Expert, Bangladesh
The cryptocurrency market witnessed a major short squeeze as over $250 million worth of Bitcoin and Ethereum short positions were liquidated in the past 24 hours, according to market data.
The wave of liquidations came amid renewed bullish momentum, with Bitcoin holding above the $110,000 level and Ethereum trading near $4,600. Traders who bet against further upside were caught off guard as price volatility accelerated.
Market analysts suggest that this surge in short liquidations could add more fuel to the rally, as forced buybacks from liquidated positions often push prices even higher.
With growing institutional inflows, ETF demand, and regulatory clarity on the horizon, traders are closely watching whether this bullish momentum will continue into the final quarter of 2025.
