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Bitcoin's Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains

The rally followed a U.K. trade deal announcement and record ETF inflows exceeding $40 billion.

Updated May 9, 2025, 1:25 p.m. Published May 9, 2025, 4:03 a.m.
BTC rally shakes out shorts. (Coinglass)
BTC rally shakes out shorts. (Coinglass)