The price of Bitcoin is soaring Wednesday, and traders betting against the leading cryptocurrency and other top assets are feeling the pain—to the tune of nearly $700 million worth of liquidated short positions over the last 24 hours.
Bitcoin was recently trading for $96,867, and hit its highest price since November 14, according to data from CoinGecko. The top asset is up nearly 5% over the last day and just over 5% on the week, though it remains down about 23% from its all-time high above $126,000 set in early October.
Other major cryptocurrencies are similarly in the green on Wednesday, with Ethereum rising almost 7% to $3,354, XRP climbing nearly 5% to $2.17, and Solana ticking up almost 4% to about $147.
Bears have been rewarded…
Jan 14 2026
