In just 12 hours, Bitcoin shot up from $89.8k to $92.2k, wiping out $70M in long positions... And then crashed back down to $89.6k, clearing out another $61M in shorts. Both sides got destroyed. This is a classic example of big players shaking the market and hunting leverage.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In just 12 hours, Bitcoin shot up from $89.8k to $92.2k, wiping out $70M in long positions... And then crashed back down to $89.6k, clearing out another $61M in shorts. Both sides got destroyed. This is a classic example of big players shaking the market and hunting leverage.