The post BTC and ETH Rally as $257 Million Worth of Shorts Get Liquidated appeared on BitcoinEthereumNews.com.

Key reason behind the rally More liquidations  According to data provided by analytics platform CoinGlass, roughly $259 million worth of shorts have been liquidated over the past four hours alone.  The prices of major cryptocurrencies have recovered, with Ethereum (ETH) soaring to an intraday high of $4,151.  Meanwhile, Bitcoin, the largest cryptocurrency, has reclaimed the $114,000 level, according to CoinGecko data.  Key reason behind the rally The recent recovery comes after the trade tensions between the U.S. and China seemingly de-escalated.  Earlier this week, the market endured a severe crash after the White House announced 100% tariffs on the world’s second-largest economy.  However, the US is now seemingly walking back the threat, pushing cryptocurrencies sharply higher.  Many analysts (correctly) suspected that the most recent escalation would be a repeat of the post-Liberation Day mayhem. Back then, a massive escalation in trade tensions between the two superpowers was also resolved with a detente.  More liquidations  On Oct. 10, roughly $17 billion worth of crypto got liquidated in one day after plenty of major altcoins plunged by more than 50% in virtually no time.  Now, the shorts are the ones that are getting liquidated following the White House’s latest China U-turn, which was rather predictable.  Binance, the leading cryptocurrency exchange, accounts for the biggest share of the liquidated sum (nearly 30%).  Hyperliquid and Bybit come in second and third places, respectively (21% and 19%).  That said, it remains to be seen whether this rally will be sustainable.  Source: https://u.today/btc-and-eth-rally-as-257-million-worth-of-shorts-get-liquidated

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Filed under: News - @ October 12, 2025 11:06 pm