Bitcoin's $72K Flex: $280M in Shorts Get Absolutely Demolished

Bitcoin pushed above $72,000, and the shorts? Well, they got absolutely wrecked.

Approximately $280 million in short positions were liquidated as BTC made its latest push. The move caught quite a few traders offside, and their positions paid the price. Someone really should've set those stop losses.

The headline asks whether the current "fragile truce" will hold. That's the $64,000 question, isn't it?

For now, BTC holders are probably feeling pretty good about themselves. The shorts? Not so much.