Bitcoin gained about 7.1% in its strongest daily performance since February 2026, as more than $1.4 billion in short positions were liquidated across the crypto market. Short sellers betting on lower prices were forced to buy Bitcoin back as the price rose, adding more buying pressure and pushing the rally higher. Binance accounted for more than $311 million in Bitcoin short liquidations within hours. The sharp move highlights how quickly leveraged positions can amplify Bitcoin’s price swings and create sudden market-wide rallies.
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