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$263 Million In Crypto Shorts Rekt As Bitcoin Closes In On $100,000

  • Bitcoin has seen a bullish rally, nearing the $100,000 mark after a recent pullback below $94,000.
  • Ethereum has outperformed Bitcoin with a 7% surge, breaking above $1,950 in the past 24 hours.
  • The cryptocurrency derivatives market witnessed $377 million in liquidations, with over $290 million affecting short contract holders.
  • Bitcoin experienced more liquidations at $130 million compared to Ethereum's $90 million, suggesting higher speculative interest in Bitcoin recently.

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