This BTC surge has been fierce—wiping out a wave of short sellers.
Key data:
In the past 24 hours, total liquidations across the entire network amounted to $1.408 billion, with 154,000 people liquidated
Short positions liquidated $1.227 billion, accounting for nearly 90%; long positions only $181 million
BTC contributed $900 million; ETH about $236 million
The largest single liquidation occurred on Hyperliquid: a BTC short position liquidation of $25.13 million
What happened:
BTC jumped from 69,000 to over 76,000, rising nearly 10% in 24 hours. People who were highly leveraged short at the higher levels couldn’t hold; with each step up in price, more shorts were forced to liquidate. Those liquidations closed out short positions, which in turn pushed the price higher—this is a short squeeze. The money from short liquidations became fuel for longs to rally.
Actually, this round began as early as mid-month: Trump’s remarks about getting Hyperliquid into compliance and bringing it into the U.S. sparked a wave of sentiment. After that, those high-leverage BTC short positions worth hundreds of millions of dollars were gradually liquidated. The earlier short whale with 1,800 BTC was a case in point.
$BTC
Key data:
In the past 24 hours, total liquidations across the entire network amounted to $1.408 billion, with 154,000 people liquidated
Short positions liquidated $1.227 billion, accounting for nearly 90%; long positions only $181 million
BTC contributed $900 million; ETH about $236 million
The largest single liquidation occurred on Hyperliquid: a BTC short position liquidation of $25.13 million
What happened:
BTC jumped from 69,000 to over 76,000, rising nearly 10% in 24 hours. People who were highly leveraged short at the higher levels couldn’t hold; with each step up in price, more shorts were forced to liquidate. Those liquidations closed out short positions, which in turn pushed the price higher—this is a short squeeze. The money from short liquidations became fuel for longs to rally.
Actually, this round began as early as mid-month: Trump’s remarks about getting Hyperliquid into compliance and bringing it into the U.S. sparked a wave of sentiment. After that, those high-leverage BTC short positions worth hundreds of millions of dollars were gradually liquidated. The earlier short whale with 1,800 BTC was a case in point.
$BTC