Bitcoin pump to $63,700 triggers the most short liquidations since late April
A sudden rebound in Bitcoin prices to $63,700 resulted in over $500 million in losses for short sellers, marking the largest daily liquidation event since April. The market volatility was influenced by geopolitical tensions in the Middle East and upcoming U.S. economic data.
Why it matters
High levels of liquidations in crypto markets reflect the extreme leverage used by traders and the sensitivity of digital assets to macroeconomic and geopolitical shifts.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin pump to $63,700 triggers the most short liquidations since late April Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday. By Shaurya Malwa Jun 8, 2026, 5:53 a.m. 2 min read Make preferred on What to know : Bitcoin’s sharp rebound from last week’s lows triggered about $504 million in losses for short sellers over 24 hours, the largest daily hit since late April. Total crypto liquidations reached roughly $655 million and affected more than 104,000 traders, with bitcoin and ether positions accounting for the bulk of forced closures. After briefly climbing near $63,800 over the weekend and touching $63,700 Monday, bitcoin eased to around $62,900 amid renewed Middle East tensions and ahead of key U.S. inflation data and major IPOs. Bitcoin s recovery from last week s lows has crushed the traders who bet against it.
The article reports on market data and trader behavior using standard financial reporting terminology.
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