$587M LIQUIDATED AS BITCOIN RALLY TRIGGERS MASSIVE SHORT SQUEEZE

Over $587M has been liquidated from the crypto market in the past 24 hours.

• $477.22M shorts liquidated

$109.86M longs liquidated

The move comes as Bitcoin rallied from ~$64K to over $73K this week, triggering a massive short squeeze.

Momentum has been boosted by renewed bullish sentiment and speculation around the Clarity Act, following supportive comments from U.S. President Donald Trump.