Bitcoin Price Spike to $40K Triggers Over $110M in Short Seller Liquidations
• Bitcoin price surged near $40K, causing over $110M in liquidations for short sellers
• Bitcoin traders faced $36M in liquidations, Ethereum traders $32M, Solana over $6M
• Binance saw highest exchange liquidations at $53M, OKX second at $51M
• Wrapped Bitcoin (wBTC) supply fell 2% in November despite Bitcoin price rising, indicating decreased DeFi demand
• Analysts link wBTC decline to lower DeFi appetite and emergence of BRC-20 token