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Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses

Photo for the Article - Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses

Following the recent surge of Bitcoin past the $100,000 mark, short sellers experienced significant liquidations totaling around $970 million, or about โ‚ฑ54.1 billion.

  • $BTC topped the list with $393.58 million in liquidations, followed by $ETH at $300.32 million. 
  • Altcoins like $SOL and $SUI also faced massive liquidations of $27.85 million and $15.86 million, respectively. 
  • Among the meme coins, $DOGE had $14.01 million in liquidations, $1000PEPE had $11.50 million, and $MEMEFI recorded $9.44 million.

Liquidation Breakdown in the Last 24 Hrs

Photo for the Article - Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses
  • Total Traders Affected: 199,602
  • Largest Single Liquidation: $11.97 million $BTC-$USDC trade on crypto exchange Binance
  • Long Positions: $133.80 million in liquidations
  • Short Positions: $818.98 million in liquidations

Exchangesโ€™ Impact

  • Bybit: $324.40 million (86.59% short positions)
  • Binance: $215.61 million (81.52% short positions)
  • Gate.io: $180.51 million (90.98% short positions)
  • OKX: $124.14 million (77.83% short positions)
  • HTX: $84.25 million (92.93% short positions)
  • CoinEx: $11.78 million (93.26% short positions)
  • Bitmex: $11.66 million  (97.71% short positions)
  • Bitfinex: $674,910 (99.04% short positions)

Bitcoin at $100K Mark

Photo for the Article - Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses

On May 9, 2025, $BTCโ€™s price surged past $103,000, driven by a combination of macroeconomic factors, renewed institutional demand, and geopolitical developments.

  • U.S.-U.K. Trade Deal:ย U.S. President Donald Trump announced a new trade agreement with the United Kingdom (U.K.), describing it as a symbol of โ€œreciprocity and fairnessโ€ in international trade.
    • The deal reduces auto import tariffs from the U.K. from 27.5% to 10% and eliminates tariffs on steel and aluminum. It also includes a quota for 13,000 metric tons of tariff-free beef imports.
  • Interest Rate Cuts: Traders are betting on interest rate cuts by the U.S. Federal Reserve (Fed), with CME FedWatch data showing a 70% probability of a rate cut by July and a 95% chance of at least one cut by October.
    • This comes despite the Fed holding rates steady this week and Chair Jerome Powell offering no clear timeline for easing. 
  • Missouri Bill 594: Missouri is poised to become the first U.S. state to eliminate capital gains tax with House Bill 594, a move that could significantly benefit investors by making all capital gainsโ€”including from cryptoโ€”state tax-free.

Bitcoin at $150K Prediction

Arthur Hayes, former BitMEX CEO, predicts $BTC will soar to $150,000 this year, driven by continued money printing from the Fed and rising inflation, which he says creates a โ€œperfect setupโ€ for a rally in risk assets.

Speaking at Token2049 in Dubai, Hayes noted that the Fedโ€™s decision to hold rates steady amid economic uncertainty mirrors past conditions that sparked crypto surges. He believes $ETH and $SOL will follow $BTCโ€™s lead, though he admits his short-term predictions have not always been accurate.

Altcoins Also Rallied

  • $ETH rose by 20.3%, surpassed the $2,100 mark.
  • $SOL gained 8.4%, currently valued at $163.29.
  • $BNB went up by 3.8%, now at $624.68.
  • $SUI jumped 13.6%, now priced at $4.01.
  • $XRP increased by 4.2%, now valued at $2.31.

This article is published on BitPinas: Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses


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