Bitcoin's Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains

Bitcoin's rapid price rally has caught traders off guard, triggering large liquidations of bearish short positions.The leading cryptocurrency by market value has risen over 3% to $102,500 in the past 24 hours, with prices topping $104,000 at one point, the highest since Jan. 31. The bullish move came as President Donald Trump announced a comprehensive trade deal with the U source: https://www.coindesk.com/markets/2025/05/09/bitcoin-s-price-surge-to-usd104k-liquidates-nearly-usd400m-in-bearish-btc-bets-opening-doors-to-further-gains