The Bitcoin market experienced significant fluctuations recently, with a sharp drop leading to over $145 million in long liquidations as BTC prices fell to a multi-month low below $57,000. This downturn was part of a broader crypto market downturn, which saw more than $463 million in total liquidations. However, the market rebounded sharply, with Bitcoin's price surge to $62,900 triggering over $126.65 million in short liquidations across various incidents, including a notable $100M in shorts liquidated as BTC rebounded.
#Bitcoin short squeeze time - bitcoin shoots up $1000 in minutes to $62,900 https://t.co/HAtz21URHM
JUST IN: $100M IN SHORTS LIQUIDATED AS $BTC REBOUNDS
NEW: #Bitcoin longs experienced heavy liquidations on both May 1 (💵 $100.3M) and April 30 ($95M) compared to significantly lower short liquidation amounts, totaling $36.4M on May 1 and $18.4M on April 30. https://t.co/7wmDl0C7rZ
#Bitcoin's Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours https://t.co/XXImop1ZTn
BITCOIN LONG LIQUIDATIONS SURPASSED $145M Bitcoin long liquidations breached $145M as prices dropped to a multi-month low. The wider crypto market saw over $463M in liquidations, as BTC tumbled below $57,000. Source: The Block https://t.co/mgtjuG4Lzh