💸🤔 $BTC Following a recent surge in Bitcoin’s price, one of the largest short liquidations in the past two years has occurred (the fourth largest on record).

Currently, approximately $140 million in "net funds" has been wiped out (multiply this by the average leverage in the system).

Similar-scale liquidations took place in January 2023, October 2023, and February 2024. After each of these liquidations, BTC continued to rise an additional 20-40%.