Short liquidations hit $1.13B in one hour; three wallets wiped out on 2,977 BTC bets

AI Market Summary

Lookonchain data cited by Odaily shows $1.13B of short liquidations in one hour, including three large BTC short positions (1,800/677/500 BTC) fully wiped out. The scale and concentration indicate a sharp, squeeze-driven upswing that can amplify volatility, worsen liquidity conditions on derivatives venues, and force rapid de-risking or hedging adjustments across crypto markets, with spillovers into correlated majors and perpetual funding dynamics.

Impact level

● High

Affected assets

BTC/USDT+5.53%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Odaily Planet Daily cited Lookonchain data showing $1.13 billion in short positions were liquidated over the past hour. Three addresses were fully liquidated today: a 1,800 BTC short valued at $117 million, a 677 BTC short worth $44 million, and a 500 BTC short totaling $33 million.

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