$BTC What Just Happened?

The crypto market saw a massive shake-up last night. Over 530 million worth of trades were wiped out in just a few hours. Out of this, around 88% were short positions—traders who were betting that prices would fall. In total, more than 115,000 traders were liquidated. The biggest hit? A huge 51.5 million BTC/USDT position vanished as Bitcoin broke above 112,000, catching most bears off guard.