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Bitcoin, Ether Rebound as Short Liquidations Hit $427 Million

Summary by Quartz
Ether jumped as much as 8.3% on Friday as more than $255 million in bearish bets on the token were wiped out in 24 hours

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Bitcoin, Ether rebound as short liquidations hit $427 million

Ether jumped as much as 8.3% on Friday as more than $255 million in bearish bets on the token were wiped out in 24 hours

·New York, United States
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The August CPI inflation in the U.S. came out in line with expectations, triggering a violent squeeze short in the cashier speculators of the crypto market. The latter had obviously bet on an American inflation warmer than expected. But it is missed, because in the space of an hour, more than $266 million in short positions (sellers) were liquidated on Bitcoin (BTC) and Ethereum (ETH) mainly, taking against foot these speculators. The Bitcoin an…

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BITRSS broke the news on Friday, September 11, 2026.
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