Crypto short liquidations pass $3B mark as Bitcoin price nears $72K
Bitcoin approached $72,000 in a second day of upside as crypto short liquidations passed $3.1 billion.
Bitcoin prices surged past $72,000 on the second day of positive momentum, with crypto short liquidations surpassing $3.1 billion over two days, according to data from CoinGlass. The largest single-day liquidation of short positions ever recorded occurred on Thursday, with $3.1 billion wiped out. Bitcoin (BTC) and altcoins hit record-breaking highs, while short traders took profits as their cost basis returned.
Short-term holders, those who held coins for less than 155 days, sent a record 43,300 BTC to exchanges, marking their largest profit-taking move of 2026. The spent output profit ratio (SOPR) for the short-term holder cohort reached its highest level since April, indicating that most coins in these wallets moved at a higher price than their previous transaction.
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