Bitcoin Short Liquidations Hit $8 Million as Price Reclaims $90,000

Bitcoin triggered $8.03 million in liquidations within one hour as the cryptocurrency recovered above $90,000. Short positions accounted for $8 million of the total against just $21,930 in longs, creating a 36,389% imbalance. The asset gained 2.61% over 24 hours to trade at $89,760, according to CoinMarketCap.