Short Squeeze!
Bitcoin's price reached an all-time high, surpassing $110,000 on May 21, 2025. This new peak was reached after a nearly 4% increase over the past 24 hours. This sudden surge triggered a wave of massive liquidations for traders who bet on a decline in Bitcoin's price. Let's take stock
Bitcoin has reached its all-time high, surpassing $110,000, sending shockwaves through the market.
A wave of massive liquidations, caused by short pressure, led to significant losses for traders betting on the downside.
Collective liquidation of Bitcoin short positions
With Bitcoin's price surpassing the $110,000 mark, it has reached its all-time high. This surge caused a wave of liquidations, especially among traders who bet on the decline of Bitcoin's value.
This massive liquidation is a result of what is called "short pressure", a phenomenon where traders betting on falling prices are forced to urgently buy back their positions to limit their losses, which leads to further price increases.
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