Shorts Got Rekt: $450M Wiped as Bitcoin Tags 9-Month High 🚀

Crypto markets staged a sharp recovery on Monday as roughly $450 million in short positions were liquidated across major tokens within four hours, according to CoinGlass data. Bitcoin climbed 4% in two hours to reach $85,299, a nine-month high, after closing above its 50-week moving average for the first time since November.

Total liquidations reached $750 million over 24 hours, with approximately $650 million coming from short positions. Within a single hour, about $270 million in shorts were forced out across Bitcoin, Ethereum, XRP, Solana, Dogecoin, ZEC, Hyperliquid (HYPE), and SUI. The global crypto market capitalization rose more than 2.25% to $2.87 trillion in the past day.

The Crypto Market Fear & Greed Index moved to 70, indicating "greed," up from a neutral reading a week earlier. Veteran trader Peter Brandt and other analysts pointed to the technical breakout and on-chain data as supportive signals, though specific quotes were not provided in the underlying reports.

The move extended beyond Bitcoin, with ETH, SOL, XRP, DOGE, ZEC, HYPE, and other leading altcoins posting gains during the session. Total 24-hour liquidations crossed $750 million as leveraged short exposure was trimmed across derivatives venues.

All figures, tickers, and timestamps are drawn from CoinGlass data and the cited CoinGape report covering the Monday trading session.