
Bitcoin Hits a Three-Week High as Shorts Get Squeezed
Bitcoin touched $65,200 and settled at $63,669.13, up 3%, as $357M of liquidations landed 81% on shorts — a reversal after weeks of long-side flushes.
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Bitcoin touched $65,200 and settled at $63,669.13, up 3%, as $357M of liquidations landed 81% on shorts — a reversal after weeks of long-side flushes.

About $3 billion of leveraged positions was liquidated over two days as bitcoin fell 4.90% to $63,682.64. Open interest dropped 8.5% to $111.4 billion, and Solana hit its lowest price since December 2023 with 94% of its liquidations long.

Roughly $1.8 billion of leveraged positions were liquidated in 24 hours on Tuesday, closing out more than 272,000 traders, as US spot bitcoin ETFs recorded a second straight outflow above $480 million.

An anonymous trader launched a Polymarket bot with a $61.94 deposit. In just a few weeks, the bot grew it to $721,000 -- a 1,164x return. The strategy, the math, and what it means for prediction markets.