The post BTC Saw Its Largest Short Liquidation Spike Since 2024 But Makes U-Turn appeared on BitcoinEthereumNews.com.

In a recent analysis on X, Bitfinex noted that BTC just saw its largest short liquidation spike since September 2024. On Feb. 13, 10,700 BTC in shorts were wiped out as the price bounced on better macro data. On this particular day, Bitcoin sharply rose from a low of $65,799 to $69,434, reversing a four-day drop. This action caught bearish traders unawares, possibly creating a short squeeze, which pushed the Bitcoin price higher. BTC just saw its largest short liquidation spike since Sept 2024. On 13 Feb 10,700 $BTC in shorts were wiped as price bounced on better macro data. If spot demand follows, this squeeze could be the first sign the downside trend is running out of steam. pic.twitter.com/cEWL18blnU — Bitfinex (@bitfinex) February 16, 2026 Bitcoin’s price recovered above $70,000 over the weekend, driven by cooler-than-expected U.S. inflation data and increased risk appetite. Bitcoin reached a high of $70,941 on Feb. 15, recovering from a sharp drop near $60,000 earlier in the month. However, these gains have been slightly reversed, with Bitcoin down 1.91% in the last 24 hours to $69,333. Bitcoin is on track to reverse weekly gains, up just 0.6% in the last seven days, according to CoinMarketCap data. Morning Crypto Report: Europe Leads Ripple USD Activity on XRP Ledger, Dormant Ethereum Wallet With 6,335x Profit Fails 1 ETH Deposit, Solana Records $31 Million Weekly ETF Inflows Amid ‘Buoyant’ Sentiment 50 Million XRPs Sold in Less Than 24 Hours You Might Also Like This comes as the crypto markets fell Monday, with Bitcoin trading in red before a packed week of economic data. In the last 24 hours, liquidations across the market have reached $280 million, according to CoinGlass data. Traders are preparing for a busy week of macroeconomic events, including Fed minutes and the core PCE…

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Filed under: News - @ February 16, 2026 4:28 pm