Over $500M in Crypto Shorts Wiped Out as Bitcoin pumped 🔥

Over the past 24 hours, more than $500M in short positions were wiped out and this is the biggest wipeout since October.

This happened when Bitcoin pumped from $88K to over $93.5K.

Bybit led with $234M in liquidations 🔥, then we saw Binance with $100M and then Gate with about $70M

A lot of traders will have to take a break from futures trading and after reading this, ask yourself, are people really making money from trading futures ?