Bitcoin Sits 45% Below Its Peak As Short Sellers Absorb $276M In Losses

Bitcoin briefly touched $69,550 in a 3.30% rally that liquidated over $276 million in leveraged positions, with short sellers bearing the majority of losses at $188 million. Despite the surge, Bitcoin remains 45% below its all-time high of $126,000 and continues struggling to break through the $70,000 resistance level it has failed to hold six times since February.

• →Over $276 million in leveraged crypto positions were liquidated in 24 hours, with short sellers accounting for $188 million of the losses.
• →Bitcoin remains 45% below its October 2025 all-time high of $126,000 despite Monday's rally to $69,550.
• →More than $6 billion in short positions are stacked near $72,500, potentially setting up for a major squeeze if Bitcoin breaks higher.
• →Bitcoin has failed to hold above $70,000 in six separate attempts since early February.
• →Rising oil prices and geopolitical tensions in the Strait of Hormuz are adding broader market pressure amid inflation concerns.