---
title: "Bitcoin Tops $41K Leaving Close to $150M in Short Positions Liquidate"
url: https://diffcoin.com/bitcoin-tops-41k-leaving-close-to-150m-in-short-positions-liquidate/
description: "Bitcoin's price exploded above $41K for the first time in some 18 months."
published: 2023-12-04
updated: 2023-12-04
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Tops $41K Leaving Close to $150M in Short Positions Liquidate

Bitcoin’s price continues increasing throughout the last few days, causing all sorts of havoc on the derivatives markets.

The cryptocurrency managed to top $41K for the first time in some 18 months. The last time it traded above this mark was back in April 2022.

![btc_price_chart_0412231](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNjE2IDE2NDIiIHdpZHRoPSIyNjE2IiBoZWlnaHQ9IjE2NDIiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDIzJTJGMTIlMkZTY3JlZW5zaG90LTIwMjMtMTItMDQtYXQtOC4wMi4yMC5wbmciIGRhdGEtdz0iMjYxNiIgZGF0YS1oPSIxNjQyIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

Source: TradingView

According to data from Coinglass, this latest move caused a total of $190 million worth of liquidated derivatives positions. $150 million of those were short.

Bitcoin’s dominance – the metric used to gauge its share relative to that of the rest of the market – has also spiked following the latest increase in price. It’s currently standing at 50.5%, which means that BTC has performed better compared to the altcoin market.

Nevertheless, most altcoins are also well in the green. Ethereum (ETH) is trading above $2.2K, marking an increase of 4.1% on the day and 10% on the week. Ripple’s XRP is also up by 2% in the past 24 hours.

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[Source link](https://cryptopotato.com/bitcoin-tops-41k-leaving-close-to-150m-in-short-positions-liquidate/)