I just checked the 24‑hour liquidation data, and the numbers are telling a clear story. Almost 77% of the $773 million in total liquidations came from short positions that’s roughly $595 million of bets against the market getting wiped out.
Bitcoin shorts led the carnage with $384 million liquidated, followed by Ethereum shorts at $171 million. The rest was spread across altcoins like RAVE, XYZ, SOL, and others. When the majority of liquidations are shorts, it means the market moved against the bears hard. And $773 million in a single day is not a small flush; it’s a proper squeeze.
From my point of view, this tells me that a lot of traders were positioned for downside that never came. Maybe they were betting on the Fed sounding hawkish, or oil spiking again, or the ceasefire breaking. Instead, the market ripped higher, and the leveraged shorts got caught with their pants down. The cascade was violent as soon as the first shorts got squeezed, their buybacks pushed prices higher, triggering more liquidations.
What’s interesting is that this squeeze happened even with macro uncertainty still lingering. Inflation is still elevated, the Fed is on hold, and geopolitical risks haven’t disappeared. But the market decided that the worst is priced in, and the shorts were the ones paying the price.
I’m not calling a trend reversal based on one day. But days like this reset the leverage ratio. The bears are licking their wounds, and the bulls are feeling confident maybe too confident. For me, I’m watching open interest. If it drops significantly, the squeeze has done its job. If OI stays high, another move could be coming. Either way, $773 million in liquidations is a reminder that leverage is a dangerous game especially when you’re on the wrong side. Today, the wrong side was short.
#CryptoLiquidations #ARKInvestReducedPositionsinCircleandBullish #IranRejectsSecondRoundTalks #CharlesSchwabtoRollOutSpotCryptoTrading #BitcoinPriceTrends $BTC $ETH $RAVE
