Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to $103K
The sudden price gyrations wiped out over $460 million in long positions and $220 million in shorts, across futures tracking majors like ether $ETH , solana $SOL , and dogecoin $DOGE .
What to know:-
Over $600 million in crypto positions were liquidated as Bitcoin surged past $106,000 and then fell back to $103,000 due to a short squeeze and subsequent profit-taking. This volatility affected major cryptocurrencies like Ether, Solana, and Dogecoin. Bitcoin is currently trading at $102,964.97 with a 0.89% decrease in the last 24 hours