Bitcoin experienced significant fluctuations over several days, stabilizing around $58,000 after a major sell-off coinciding with record outflows from U.S. spot ETFs. The cryptocurrency then surged, reaching highs of $64,000, driven by a series of short squeezes that liquidated approximately $128 million worth of short positions in cryptocurrencies. Notable spikes in Bitcoin's price were reported, with rapid increases to $62,900 and $63,000, and eventually peaking at $64,000. Data from CoinGlass highlighted that nearly $100 million in short positions were liquidated within a 24-hour period, contributing to the volatility. Additionally, there were reports of $11 billion worth of Bitcoin shorts set to be liquidated if prices reached $70,000.
BREAKING: $BTC RECLAIMS $64K https://t.co/UHw570pl3v
JUST IN: $63,300 #Bitcoin 🚀 https://t.co/Xv9YvtSFD8
Bitcoin $63000 ☝️
🚨 $128M of shorts have been liquidated in the past 24 hours https://t.co/JSXKSTGNr5
Bitcoin to $100k https://t.co/XQsGQImMHz https://t.co/9hX6TNdGHb
#Bitcoin just hit $63k 🔥
BREAKING: $BTC RECLAIMS $63K https://t.co/CHSSMxWVIT
#Bitcoin short squeeze time - bitcoin shoots up $1000 in minutes to $62,900 https://t.co/HAtz21URHM
JUST IN: $62,400 #Bitcoin 🚀 https://t.co/sTZT7Q30G9
$BTC Reclaiming 61,000 today In the past 24 hours, nearly $100 million in short positions for all cryptocurrencies have been liquidated, CoinGlass data shows. https://t.co/fg390aobmA
JUST IN: $100M IN SHORTS LIQUIDATED AS $BTC REBOUNDS
❖ #BITCOIN PRICE REBOUND SMASHES $100 MILLION IN CRYPTO SHORTS In the past 24 hours, nearly $100 million in short positions for all cryptocurrencies have been liquidated, CoinGlass data shows, with the current tally sitting just over $99 million. Most of that figure was…
Bitcoin Price Rebound Smashes $100 Million in Crypto Shorts ► https://t.co/d7rabNKY1k https://t.co/d7rabNKY1k
#Bitcoin's Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours https://t.co/XXImop1ZTn
Bitcoin $62000 ☝️☝️☝️
Bitcoin holds above $59,000 as short liquidations spike https://t.co/UGOJAzpSlM
Bitcoin $60000 ☝️
$11 billion worth of #Bitcoin shorts to be liquidated at $70,000 👀 https://t.co/TYZZy3jOT0
Bitcoin stabilized around $58,000 following yesterday's rout in which the U.S. spot ETFs suffered their highest ever outflows. @JamieCrawleyCD and @godbole17 report in First Mover Americas https://t.co/cPJcQux96T