Crypto Bulls and Bears Lose $300M Each as Bitcoin Climbs to $113K, Then Dumps
Bitcoin’s two-way price action is squeezing both leveraged bullish and bearish plays, underscoring challenging market conditions for traders.
In the past 24 hours, BTC’s price has traded back and forth between $107,000 and $113,000, wiping out roughly $600 million in market-wide bullish and bearish futures bets. The liquidation wave hit as traders cut leverage across major exchanges, with data from CoinGlass showing roughly $355 million in long positions and $301 million in shorts closed out over 24 hours.
Bitcoin accounted for the bulk of the damage at more than $340 million, followed by ether at $200 million. Solana , , and rounded out the top losers, each seeing tens of…
