Bitcoin ATH Triggers $539M in Short Liquidations

Bitcoin reached a new all-time high of $111,936, leading to $539 million in short position liquidations on major exchanges including Binance, HTX, and Bybit.

Major Exchanges Involved

Major exchanges involved in these liquidations include Binance, HTX, and Bybit, where Binance is led by Richard Teng. The largest single liquidation occurred on HTX , totaling $51.56 million.

Market Impact

Bitcoin and Ethereum experienced significant losses, with liquidations totaling $469.87 million for BTC shorts and $156.492 million for ETH. Large-cap altcoins like XRP and SOL also saw increased liquidations.

Institutional buying and leverage use significantly impacted market dynamics, as described by Coinbase Premium data. This rally mirrors the 2021 Bitcoin surge that saw similar short liquidations .

Regulatory and Historical Context

No major announcements from regulators like the SEC have been made post-liquidation. Market speculation suggests U.S. spot BTC ETF inflows could have influenced demand shifts.

Historical data shows that past Bitcoin rallies often lead to high-short liquidations and subsequent price corrections. This incident signals the ongoing interplay between retail speculation and institutional market actions.

Liquidations of this magnitude underscore the volatile nature of leverage in crypto trading.