From Yahoo Finance: 2025-05-09 00:03:00

Bitcoin’s price surge to $102,500 caught traders off guard, leading to liquidations of bearish short positions. President Trump’s trade deal with the U.K. and record-high ETF inflows fueled the rally. The total market cap of all coins excluding BTC hit $1.14 trillion. Nearly $400 million in BTC short positions were liquidated in the past 24 hours, with $22 million in long positions also wiped out. The market imbalance suggests potential for further upside.



Read more at Yahoo Finance: Bitcoin’s Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains