Aug. 19 Crypto Liquidation Wave: Multiple Whale Shorts Wiped Out for Hundreds of Millions
AI Market Summary
A broad short squeeze triggered heavy deleveraging across crypto derivatives, with ~$2.7B of shorts liquidated in 24 hours and multiple >$10M BTC and ETH whale shorts forcibly closed. Such liquidation cascades typically amplify spot volatility and mechanically fuel upside momentum as shorts cover, while also resetting positioning and reducing near-term sell pressure from leveraged bears. The scale suggests crowded downside bets were unwound abruptly.
Impact level
● High
Affected assets
BTC/USDT+7.99%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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BlockBeats reported on Aug. 20 that the crypto market saw a sharp short squeeze yesterday, triggering widespread forced liquidations. In the past 24 hours, more than $2.7 billion in short positions were liquidated worldwide.
Data from TradingBeats (formerly Hyperinsight) show that eight onchain Bitcoin short whale positions were each liquidated for over $10 million. Two Ethereum short whale positions also saw liquidations exceeding $10 million apiece.
Notable liquidations included: whale 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57, whose $96.39 million Bitcoin short was liquidated; whale 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902 (pensionusdt.eth), whose $108 million Ethereum short was liquidated; whale 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8 (bowen1476), whose $71.46 million Bitcoin short was liquidated; and whale 0x8eff8ff863c1a54ec6697b7ad98fe30aa344bd5e (Shamrocked), whose $61.1 million Bitcoin short was liquidated.
