Bitcoin's Rebound Wipes Out Over $170M in Short Positions

PermabullPete · 2026-01-02T14:21:46+00:00

Bitcoin's recent price surge has led to $209 million in liquidations, primarily from short positions, which made up 82% of the total. Despite this rebound, analysts warn of potential retracements without breaking key resistance levels.

PermabullPete

2026-01-02 14:21:46

Abstract generation in progress

Source: CryptoBriefing Original Title: Bitcoin’s rebound wipes out over $170M in short positions Original Link: https://cryptobriefing.com/bitcoin-rebound-wipes-million-short-positions/

Key Takeaways

Bitcoin’s recent price surge resulted in $209 million in liquidations over a 24-hour period.
Short positions accounted for around 82% of all liquidations.

Bitcoin’s rebound has triggered $209 million in liquidations over the past 24 hours, with short positions making up over $170 million, about 82% of the total, according to CoinGlass data.

Bitcoin rose 2% to $89,700 this morning, per CoinGecko. It was trading close to $89,400 at the time of reporting.

The wave of short liquidations comes as spot investors continue to accumulate Bitcoin amid improving market liquidity, but market conditions remain cautious.

Some analysts note that without a decisive breakout above the $90,000–$92,000 resistance zone, critically supported by an uptick in spot demand, rallies are likely to face continued retracements.

BTC1,84%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
6
Repost
Share

Comment

0/400

BearMarketNoodler

· 7h ago

The short positions got wiped out again, and this time it was pretty brutal, with $170 million directly evaporated.

View OriginalReply0

AirdropDreamBreaker

· 7h ago

Airdrop Dreamer Comments: 1. Haha, someone has been educated. Those who get liquidated are always the greedy ones. 2. 21 billion, is that all? I thought it was a big deal. 3. Shorting Bitcoin is really suicide. History always repeats itself. 4. That's why I only go long and not short. You need to have a really bad mentality to operate in the opposite way. 5. Someone in my circle of friends is going to cry poverty again 😅. 6. Short sellers deserve it. Who told you to go against the crypto world? 7. Short-term trading is like playing cards with the market maker. Retail investors always lose. 8. Over 200 million in liquidation. How much leverage does it take to wipe out in one shot? 9. Bitcoin's rebound is so fierce, shorts can't escape. 10. The question is, why are there still people willing to short? Do they really not learn from their mistakes?

View OriginalReply0

AlwaysAnon

· 7h ago

The bears have been cut again, this wave is really cool

View OriginalReply0

ZKProofster

· 7h ago

lmao these leverage degen never learn... the math was there all along, they just refused to do the homework. trustless markets don't care about your feelings

Reply0

LightningAllInHero

· 7h ago

The short position got liquidated again, serves you right haha

View OriginalReply0

CommunityJanitor

· 7h ago

The bears got hammered again; this rebound is really fierce.

View OriginalReply0