#BTCUSD PERP Liquidated Short: $65.3K at $96,831.50
Another major liquidation hits the crypto battlefield! A $65.3K short position on the BTCUSD perpetual futures market was liquidated at an astonishing price of $96,831.50, leaving traders stunned and markets buzzing.
What Happened?
1. The Setup:
A trader placed a high-leverage short position,
expecting Bitcoin’s price to drop. But the relentless bullish momentum pushed BTCUSD beyond their liquidation threshold, forcing the position to close at a loss.
2. The Liquidation:
Liquidations of this size are significant, as they often result in forced buy orders, driving prices higher and potentially triggering additional short squeezes.
Market Context
1. BTC’s Bullish Surge:
Upward Momentum: Bitcoin’s price has been rallying strongly,
with bulls
