Bitcoin Price Rebound Smashes $100 Million in Crypto Shorts. Bitcoin is back up again—and as a result, traders betting on a dip in the asset's price have had their positions liquidated.

Bitcoin is back up again—and those betting on the price of the asset going down are hurting.

In the past 24 hours, nearly $100 million in short positions for all cryptocurrencies have been liquidated, CoinGlass data shows, with the current tally sitting just over $99 million.

Most of that figure was betting on the biggest cryptocurrency by market cap, with liquidations of short BTC positions now at nearly $36 million in 24 hours. In the past four hours alone, nearly $22 million in BTC shorts have evaporated.

Long positions have also seen losses over the past day, though traders behind shorts are feeling more pain. According to CoinGlass data, about $44 million worth of long positions have been liquidated across all cryptocurrencies in the past 24 hours.