Bitcoin spikes past $80,000, triggering over $415 million in crypto liquidations
Bitcoin surged to about $80,270, sparking a short‑squeeze that forced more than $415 million of liquidations in a single hour, most of which were short positions. Short sellers lost roughly $330 million, while Bitcoin‑specific shorts accounted for about $86 million of the hour’s $329 million in short liquidations. Across the full day, total crypto liquidations topped $510 million, affecting over 119,000 traders, as Fed‑rate‑hike odds fell to 50.4% on the CME FedWatch.
Why it matters
The massive liquidations indicate high leverage in the crypto market and could amplify price volatility if the trend reverses. The drop in Fed‑rate‑hike expectations may sustain risk‑on sentiment, supporting further upside for Bitcoin and related assets.
Key facts
- 1Bitcoin reached a peak of approximately $80,270. tradingview.com
- 2More than $415 million in crypto liquidations were triggered during the move. tradingview.com
- 3$330 million of the liquidations came from short positions. tradingview.com
- 4Short liquidations topped $329 million in a single hour. tradingview.com
- 5Bitcoin‑specific short liquidations accounted for about $86 million of that hour’s total. tradingview.com
- 6Total crypto liquidations across 24 hours exceeded $510 million. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.