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Bitcoin’s sharp rebound above $93,000 triggered a massive liquidation event, wiping out $652.84 million in leveraged positions—mostly shorts. Over 172,000 traders were affected as exchanges like Bybit and HTX saw heavy losses. The rally was fueled by shifting macro sentiment and surging open interest.
- 94.8% of Bitcoin liquidations were short positions, with Bybit, HTX, and Gate.io accounting for the bulk of losses.
- Bitcoin's open interest surged 15% to $67.28B, amplifying liquidation risks as price rebounded 8% from $87,511 to $93,710.
- Macro triggers included IMF inflation warnings and US-China trade talks, while Standard Chartered flagged Bitcoin as a hedge against systemic risks.
📎 Related coverage from: cryptoslate.com
Other Tags: CoinEx, Gate.io, HTX, International Monetary Fund (IMF), OKX, Standard Chartered, US Treasury