The post Bitcoin (BTC) liquidated over $300M in short positions in rally above $93,000 appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) rallied above $93,000, leading to large-scale liquidation of the recently built short positions. For the last 24-hour period, BTC saw over $300M in short liquidations.  Bitcoin (BTC) rallied above $93,000, leading to a liquidation of $300M in short positions. Before the recent price recovery, BTC quickly rebuilt derivative positions, heavily skewed toward short bets. The additional short positions appeared after the low-activity Easter weekend, dominating the available long liquidity.  The recent BTC liquidations were the biggest since March 3, coinciding with the overall recovery following the correction in April. Long liquidations are still happening, but are a fraction of the recent short liquidations. Bitcoin switches to greedy trading The move to a higher price range signaled an attack against the more bearish sentiment for BTC. Despite the significant bets that BTC would slide, the market chose to attack the short positions first. After the recent liquidations, BTC has accrued more significant long positions in the $87,000-$89,000 range, with the potential for another price dip to those levels. However, the rapid short liquidations set up expectations that BTC would rally to $100,000 in an extended recovery. The BTC market sentiment switched within days, driven by the tidal change of derivative markets. The Bitcoin fear and greed index shifted from weeks of fearful sentiment into ‘greed’ territory, rising from 29 to 72 points in the past week. BTC traded at $93,936.38 on Tuesday, riding on the momentum from the start of the new week.  The BTC rally also led to a recovery of altcoins, though the leading coin still had a dominance of 61.2%. The recent BTC rally signals the market is ready to rebound, despite the recent pressure of US tariff negotiations.  Bybit saw the largest liquidations For April 22, BTC short liquidations reached over $517M, in the higher…

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Filed under: News - @ April 23, 2025 9:28 am