$380M in Shorts Liqudated in an Hour as Bitcoin (BTC) Skyrockets to $81K

Key points

• Bitcoin experienced a sharp price surge to $81,000, triggering a massive wave of liquidations across the cryptocurrency market.
• Over $380 million worth of short positions were wiped out within a single hour.
• More than 115,000 derivatives traders faced liquidations over the past 24 hours as the rapid upward momentum caught bearish investors off guard.

Summarized automatically by Kryptokite from reporting by CryptoPotato. Read the original sources for full detail.