Bitcoin Surges Above $80,000 After Midterm Elections, Shorts Liquidated for $377 Million in One Hour According to Binance market data, Bitcoin is currently trading at approximately $80,510, up 4.2% over the past 24 hours. CoinGlass data shows that $465 million in positions were liquidated across the market in the past hour, of which shorts accounted for $377 million. BTC liquidations reached $229 million (shorts accounted for 96.4%), while ETH liquidations totaled $170 million. Over the past 24 hours, total liquidations reached $915 million, affecting 117,549 traders. Bitcoin initiated a short squeeze rally after the midterm election results were released.