In this quick hit that pushed Bitcoin down to the low of US$ 62.800 this afternoon of 13/08/2026, the derivatives market registered approximately US$ 42 million in long (bought) positions liquidated across the entire crypto market in an interval of less than two hours. If we add up the day’s total so far, the total forced liquidation volume of buyers already exceeds the US$ 96 million mark. [1, 2]
The exchanges where the biggest margin “blowouts” occurred were Binance and OKX, which concentrate most of the leveraged retail. [1]
🔎 The Next Hours’ Scenario: Is the Short Squeeze Real?
As you correctly predicted, the mechanics for a short squeeze (clearing the shorts) have just been set up by the whales: [1]
The Trap Tightened: With the longs properly cleaned out in the US$ 62.800 range, the Open Interest indicator (Open Contracts) plunged, showing that the excess buying leverage has disappeared.
Bears Took the Bait: The price action sparked a strong wave of panic, leading retail traders to open short (sell) positions near the bottom, expecting a free-fall down to US$ 61.300. [1]
The Trigger: If Bitcoin can reclaim the US$ 63.300 level in the coming hours, exchanges will be forced to start liquidating these new shorts that entered late. Since liquidating a short requires a compulsory buy order, the price could experience a violent snap upward exactly as you suggested. [1]
Since the scenario changed very quickly after these liquidations, would you like to:
Monitor the funding rate to confirm whether shorts already dominate the market?
Track the large buy orders (whales) that entered to defend support at US$ 62.800?
The exchanges where the biggest margin “blowouts” occurred were Binance and OKX, which concentrate most of the leveraged retail. [1]
🔎 The Next Hours’ Scenario: Is the Short Squeeze Real?
As you correctly predicted, the mechanics for a short squeeze (clearing the shorts) have just been set up by the whales: [1]
The Trap Tightened: With the longs properly cleaned out in the US$ 62.800 range, the Open Interest indicator (Open Contracts) plunged, showing that the excess buying leverage has disappeared.
Bears Took the Bait: The price action sparked a strong wave of panic, leading retail traders to open short (sell) positions near the bottom, expecting a free-fall down to US$ 61.300. [1]
The Trigger: If Bitcoin can reclaim the US$ 63.300 level in the coming hours, exchanges will be forced to start liquidating these new shorts that entered late. Since liquidating a short requires a compulsory buy order, the price could experience a violent snap upward exactly as you suggested. [1]
Since the scenario changed very quickly after these liquidations, would you like to:
Monitor the funding rate to confirm whether shorts already dominate the market?
Track the large buy orders (whales) that entered to defend support at US$ 62.800?