Crypto shorts worth $146 million wiped out in 60 minutes as Bitcoin reclaims $80K
AI Summary
Bitcoin reclaimed $80,000 as crypto short positions were wiped out.
$146 million in short positions disappeared within 60 minutes.
SOL reached $109 during the same market move.
Short positions worth $146 million were wiped out within 60 minutes as Bitcoin reclaimed $80,000 and SOL reached $109. Short positions are trades that profit when an asset declines, so a rapid price rise can force losses and liquidations.