Nearly $1 Billion in Crypto Liquidations Hit as Bitcoin Jumps 4.6%

Crypto Insight Summary: Crypto liquidations reached $974.80 million in 24 hours as the market climbed. Most of the losses fell on traders who had bet on further declines, Coinglass data shows. Bitcoin’s (BTC) price rose 4.64% over 24 hours to $80,480, according to BeInCrypto Markets. The cryptocurrency now sits just above $80,000, a level it has struggled to Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: A 4.6% BTC rally triggered $975M in liquidations, reinforcing short-term momentum and market confidence.