An acute rally in cryptographic races in the last 12 hours triggered the largest wave of liquidations since May, eliminating more than $ 460 million in short positions.
Bitcoin (BTC) increased more than $ 111,000, Ethher (ETH) jumped almost 7% to more than $ 2,700, and Sol de Solana rose above $ 158, catching merchants by betting against the movement completely.
According to Coinglass data, more than 114,000 merchants, with combined losses that exceed $ 527 million, according to Coinglass data. Of that, $ 463 million come from short positions, or leverage bets that the market would fall, while only $ 64 million come from long. The largest liquidation was a short of $ 51.5 million in the BTC-USDT of HTX.
Liquidations occur when operators who use leverage or loan funds to amplify their positions cannot meet margin requirements as prices move against them. Exchanges close these positions by force to avoid greater losses, often adding fuel to the movement itself.
In this case, as BTC and ETH pushed higher, short liquidations waves may have created a sudden price acceleration, which forced more merchants to go out in a waterfall.
This reflexive dynamic makes the liquidation data a useful negotiation signal. Acute peaks in liquidations, especially from one side of the book, often indicate local tops or funds, depending on the direction and time.
Some merchants even position themselves around them, betting on short squeezes or rinses long when the numbers begin to bisma. When combined with the volume and price action, liquidation events often confirm the strength of a trend or indicate their exhaustion.
While Bitcoin continues to rise only 2% in the week, ETH and XRP now have more than 7%, which suggests that the demonstration is being directed by adults outside BTC.
