Traders betting against the prices of major cryptocurrencies are feeling the pain Wednesday as Bitcoin, Ethereum, and other top assets are well in the green, leading to hundreds of millions of dollars' worth of short position liquidations.
Bitcoin currently leads the list with about $200 million worth of liquidations, with Ethereum next up with $153 million worth and Solana well behind in third with about $22 million.
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Other notable crypto stock gainers today include Coinbase with a 13% swing to $183, Bitcoin treasury giant Strategy rising nearly 9% to above $135 per share, and Bitcoin miner MARA Holdings with a 7% rise to $8.66.
