#MarketRebound JUST IN: $280,000,000 worth of short positions in Bitcoin were liquidated in the last 24 hours.

Approximately $280 million worth of short positions in Bitcoin were wiped out in the last 24 hours, triggering a classic short squeeze. As Bitcoin's price surged, traders betting against the rally were forced to close their positions, further fueling upward pressure.

This type of mass liquidation usually signals a shift in sentiment—bears are burned while bullish momentum strengthens. It also highlights the brutal risks of trading with leverage in the crypto market, where volatility can change direction within hours.

For Bitcoin, this could mark the beginning of a stronger upward trend if sentiment remains and fresh capital flows in. For short sellers, this is a painful reminder: go against the tide, and the tide will push back.