Bitcoin Blasts Past $104K—Wipes Out $400M in Shorts as Bulls Charge Toward New Highs

BTCC / BTCC Square / Coindesk /

Author:

Release Time:

2025-05-09 04:03:56

Bitcoin’s Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains

Bitcoin just napalmed the bears. A violent surge to $104,000 triggered the mother of all short squeezes, vaporizing nearly $400 million in pessimistic bets against BTC. Now, with resistance levels obliterated, traders are eyeing uncharted territory.

The liquidation bloodbath—courtesy of leverage addicts who forgot crypto winters always end—cleared the path for what could be the next leg up. Meanwhile, Wall Street analysts scramble to revise price targets they swore were ’overly optimistic’ three months ago.

One thing’s certain: when Bitcoin decides to move, it doesn’t ask permission from the ’efficient market hypothesis.’ Buckle up.

By:

Log in to Reply

Ethereum, Cardano, Dogecoin Rocket—$800M in Shorts Obliterated in Biggest Crypto Squeeze Since 2023

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.