A fast bitcoin rebound toward $64,000 wiped out about $320 million in crypto short positions in just 15 minutes, flipping weeks of long liquidations.

Bitcoin fell to $59,227 as a strong US jobs report triggered $172M in BTC long liquidations within an hour, with total crypto liquidations reaching $1.6

Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday.