Crypto rally sparks wave of short liquidations, largest single hit tops $120M

AI Market Summary

A sharp crypto rally triggered large short liquidations, including single-position liquidations of 1,829 BTC (~$120M) and 49,808 ETH (~$111.34M). The magnitude of forced buybacks suggests elevated leverage and rapidly shifting positioning, which can amplify near-term volatility and squeeze dynamics across major tokens. This setup typically tightens liquidity for short sellers and can temporarily reinforce momentum in benchmark assets.

Impact level

● Medium

Affected assets

BTC/USDT+6.14%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Odaily Planet Daily reports that a sharp upswing in the crypto market has triggered heavy losses for short sellers, according to Lookonchain tracking. The three largest single-position short liquidations were: address 0x8c96, liquidated for 1,829 BTC (about $120 million); pensionusdt.eth, liquidated for 49,808 ETH (about $111.34 million); and address 0x8eff, liquidated for 1,343 BTC (about $92.56 million).

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