Ether and solana extend gains as a short squeeze lifts bitcoin toward $62,000
CoinDesk·
60-second summary
Bearish traders lost nearly $281 million in liquidations over 24 hours, nearly double the longs, as bitcoin surged toward its strongest level in two weeks, nearing $62,000. This short squeeze has fueled gains in ether, up almost 10% on the week, and solana, nearly 19% higher, amid a rebound in tech stocks easing AI trade pressure.
Bearish traders lost $281 million in liquidations over 24 hours, nearly double the longs, as bitcoin pushed to its strongest level in two weeks. Ether is up almost 10% on the week and solana nearly 19% while a rebound in tech stocks eased the pressure from the AI trade.