The shorts were crushed all the way through. Bitcoin rose 5.2% in 24 hours, and regained $84,500. Total liquidations across the market reached $829 million, of which $717 million—86%—came from short positions.
The main battleground is BTC: $416 million liquidated in a day, with 93% being short positions, 18,451 trades, and an average of $230,000 per trade. ETH also didn’t escape—of the $215 million liquidated, 89% was shorts. Together, the two coins accounted for 81% of liquidated shorts across the whole market.
The pace is still accelerating. Of the liquidations in a 24-hour crash, nearly 60% happened in the most recent 4 hours; of the new liquidations added in the last hour, 94% were still short positions. The price climbed from 80,200 to 85,300 steadily—short orders positioned above 80,000 basically didn’t wait for a pullback.
You bet on a short squeeze downward but didn’t get the deep drop you wanted. Instead, you were gradually forced out one by one during the rally. Now the question is: how much fuel is left for the squeeze, or has the momentum already run out?
Do you think that above 85,000, shorts would dare to keep placing orders?
Check in real time: https://www.coinboss.com/liquidations