Bitcoin Breaks $80k, Liquidating $343M in Shorts

• Coinglass

Bitcoin's brief surge above $80,000 triggered massive short liquidations across the crypto market.

Price Dynamics

Assets surpassed $79,000 before breaking through the psychologically significant $80,000 level. This sharp price spike triggered a wave of forced closures for leveraged positions.

Liquidation Volumes

According to Coinglass data, short positions worth over $121 million were liquidated in just one hour. As the price continued to rise, this figure increased to $343 million.

Data Sources