Home Bitcoin Surges as $319M in Shorts Are Liquidated Amid U.S.-China Trade Hopes

Bitcoin Surges as $319M in Shorts Are Liquidated Amid U.S.-China Trade Hopes

By Ruchi SharmaOctober 28, 20251 Mins read665 Views

Bitcoin Surges as $319M in Shorts Are Liquidated | 3verseTV

Bitcoin continued its rebound, climbing to around $114,501 after liquidations wiped out more than $319 million in short positions, data from CoinGlass showed.

The move began with a surge above $112,000, where trading volume spiked over 318%, pushing BTC toward a midday high before consolidating between $113,550–$113,720. The day’s biggest liquidation was a $19.04 million BTC-USD order on Hyperliquid.

Short sellers bore the brunt, amplifying upward momentum as traders parsed U.S.–China trade developments. The Chinese Embassy posted that officials held “candid and constructive” talks with U.S. representatives on tariffs, agriculture, and export controls — fueling optimism in risk markets.

With $393.7 million in total liquidations and sentiment improving ahead of the FOMC meeting, analysts see signs that BTC’s technical setup could support further upside if macro headlines remain favorable.

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Ruchi Sharma -

Ruchi Sharma is a seasoned media professional with over 20 years of experience in the industry, including 4 years dedicated to Blockchain Industry and Web3. Holding a Master’s degree in Mass Communication and a Bachelor’s degree in Commerce, Ruchi combines academic excellence with a dynamic career that spans across roles as an Anchor, Writer, Correspondent, and Producer.

Her transition into the blockchain sector reflects a deep passion for emerging technologies, with a sharp focus on NFTs, Blockchain innovation, and Decentralized ecosystems. Leveraging her extensive media background, Ruchi excels at breaking down complex concepts into engaging narratives, making her a trusted voice for audiences navigating the fast-evolving Web3 space.

Known for her editorial precision and journalistic depth, Ruchi brings a rare blend of storytelling expertise and technical insight, ensuring her work remains impactful, informative, and forward-looking in the rapidly transforming digital economy.