BitcoinWarrior

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Bitcoin Price Surge To $52K Triggers $180M In Short Crypto Liquidations On Valentine’s Day As ‘Greed’ Takes Over

Cryptocurrency traders faced a wave of liquidations on Valentine’s Day as Bitcoin (CRYPTO: BTC) soared to new heights, with prices hitting $52,000—marking a two-year peak. What Happened: This surge led to $180 million worth of short positions being wiped out within 24 hours. According to data reported by CoinGlass, a total of 68,831 traders experienced liquidations, with the aggregated value reaching approximately $238.89 million. The largest recorded liquidation order, valued at $10.20 million, was executed on the trading platform OKX against a Bitcoin to USDT swap. While Bitcoin shorts const…