NOW: $260M in crypto shorts liquidated in 60 minutes as Bitcoin hit $84,000.
Bitcoin experienced significant price volatility, surging to hit both $84,000 and $87,000 within a short timeframe. This rapid upward movement triggered massive liquidations of short positions. Cointelegraph reported two different scales of these liquidations: an initial $260 million in crypto shorts liquidated as Bitcoin reached $84,000, followed by a report of $108.8 million in shorts liquidated in one hour as the price hit $87,000.
