The Largest "Short" Liquidation on Binance in 2025 !?
The unexpected surge of Bitcoin last night witnessed the largest short liquidation of 2025 on Binance. A total of $66.3 million in short positions was wiped out on the BTC/USDT pair - all within a few hours.
Such a large short liquidation means an additional barrier to the upward momentum has been removed - at least in the short term. When leveraged short positions are liquidated, it clears the way for price surges to be less obstructed.
Do you think this is a good signal for the market?