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Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to $103K

The sudden price gyrations wiped out over $460 million in long positions and $220 million in shorts, across futures tracking majors like ether (ETH), solana (SOL), and dogecoin (DOGE).

A roller coaster. (Mark Wilson/Getty Images)
A roller coaster. (Mark Wilson/Getty Images)