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Bitcoin Bulls Strike: $130M Crypto Shorts Liquidated As BTC Breaks $66,000

  • Bitcoin has rallied to the $66,000 mark, leading to $233 million in liquidations in the cryptocurrency derivatives market in the past 24 hours.
  • BTC has shown a sharp recovery surge, reaching the highest level since July.
  • Altcoins like Ethereum and Solana have also experienced significant jumps, outperforming Bitcoin in this rally.
  • The majority of the liquidations were short contracts, with Bitcoin accounting for 39% of the total liquidations.

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