Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets

The dramatic fluctuations in the price of Bitcoin, which resemble the ups and downs of a rollercoaster, have ultimately resulted in the liquidation of an astounding $1.7 billion worth of bullish positions in the cryptocurrency market. These sudden and unpredictable price movements have caught many investors off guard, forcing them to close their long positions and resulting in significant losses across the board. As a consequence, the volatility in Bitcoin's value has not only affected individual traders but has also sent ripples through the broader cryptocurrency ecosystem, highlighting the inherent risks associated with investing in such a notoriously unpredictable asset. source: https://www.coindesk.com/markets/2026/01/30/rollercoaster-bitcoin-price-moves-end-up-liquidating-usd1-7-billion-in-bullish-crypto-bets