Nearly $360M in Crypto Short Positions Liquidated as Bitcoin Reclaims $116K

Cryptocurrency short positions saw nearly $360 million in liquidations over the past 24 hours as markets rebounded. Bitcoin rose above $116,000 and Ethereum briefly hit $4,250 before modest pullbacks. Total derivative liquidations reached approximately $467 million, according to CoinGlass. Bearish bets made up 76.6% of the total, with Bitcoin and Ethereum accounting for the largest shares.