To sum up first: in this past hour, Bitcoin has almost exclusively liquidated longs. Of the 916 liquidation trades, 99.5% were longs being punished, while shorts were only forced out for $64,000.
The current price is around 85,452. It’s down 0.6% over 24 hours, with a high of 87,247 and a low of 85,206. Right now, it’s basically trading along the day’s low point—that’s the backdrop against which the long positions are being concentratedly liquidated.
In the past hour, the entire network liquidated a total of $11.9 million in BTC, with longs accounting for $11.84 million. The most eye-catching part is that a single Hyperliquid address was first hit for $592,000, and just 8 seconds later another $2.367 million liquidation followed immediately, totaling $2.96 million wiped out. At the same time, OKX also saw two long positions of $850,000 each closed out in sync—this isn’t just one address having bad luck; the leveraged long side across the whole market was suffering at once.
$BTC
You think the rebound space is still how much, after it falls like this while sticking to the day’s low?
Check in real time: https://www.coinboss.com/currencies/BTC