Bitcoin, Ether and Solana Rally as $3.8B in Short Positions Liquidated Over Two Days

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Bitcoin, Ether, and Solana posted gains as a wave of short liquidations swept through crypto markets. Approximately $1 billion in short positions were wiped out in the latest session, bringing the two-day total to around $3.8 billion. Thursday's liquidation figure alone set a record dating back to 2021. The mass liquidations occurred as prices climbed, forcing bearish traders who had bet on a price decline to close their positions at a loss. The event highlights the scale of volatility currently gripping the cryptocurrency market.

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