Bitcoin Rebound Leaves Shorts With 52.18% of Crypto Liquidations

Bitcoin (BTC) briefly moved above $64,000 late Saturday as short positions accounted for 52.18% of crypto liquidations in the hour ending at 9:26 p.m. ET (02:26 UTC Sunday). Liquidations across the crypto market totaled about $141 million during that hour. Short positions accounted for $73.44 million, compared with $67.28 million in long positions, a difference of $6.16 million based on the reported amounts. The liquidation total covered the broader crypto market, rather than Bitcoin positions alone. Bitcoin’s brief move above $64,000 came as the market-wide short liquidation amount edged ahead of the long total. As of 9:30 p.m.