A brutal liquidation tsunami was sparked by Bitcoin’s climb above $107,000, with an unprecedented short-to-long imbalance of 11,060% recorded in just one hour.
During that period, BTC saw $7.11 million in liquidations — $7.05 million from short positions alone, while losses on long positions barely reached $63,740. The rebound was fast and unforgiving, hitting traders who had bet against a breakout after days of sideways chopping.
That one-hour spike did not happen in isolation. According to CoinGlass, over the past 24 hours, a total of $169.24 million in liquidations swept through the crypto market, with short positions again taking the bulk of the damage — $101.61 million compared to $67.64 million.
BTC and ETH were the main battlegrounds. While Bitcoin dominated short liquidations, Ethereum followed with $5.08 million in forced exits.
The largest single liquidation of the day was a BTC/USDC trade on Binance worth $2.65 million. As can be seen on Bitcoin’s chart, after bottoming near $105,480, the price surged through resistance to reach a daily high of $107,198. Short-sellers caught on the wrong side of the trend were ignited by this minor but powerful move.
With over 76,000 traders liquidated in the past day, sentiment has changed quickly. What looked like a tired market just days ago has suddenly turned into a liquidation trap for bears.
This kind of one-sided flush, especially concentrated in a single hour, shows how fragile leverage-heavy positioning has become.
Read the full article here
