#BTCBreaksATH I see that over $1 billion in short positions just got wiped out—the largest crypto liquidation since January. Roughly 237,000 traders lost money, including one massive $88.5 million BTC‑USDT short on HTX alone .
This liquidation sparked a powerful rally:
Bitcoin jumped about 5%, breaking past $116,000 and pushing to a new all‑time high .
Dogecoin surged ~10% on strong volume .
XRP climbed nearly 6% after a breakout from a descending wedge .
To me, this felt like a classic short squeeze: forced liquidations driving prices sharply higher across major crypto assets.