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Over $560M in shorts wiped out in one hour as Bitcoin skyrockets

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Mehab Qureshi
Partner
Jul 10, 2025 9:46 PMPublished Jul 10, 2025 9:46 PM
More than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,000, forcing bearish traders to the exits.
www.thestreet.comOver $560M in shorts wiped out in one hour as Bitcoin skyrocketsMore than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,000, forcing bearish traders to the exits.
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