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

09/05/2025 12:03

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

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