Bitcoin’s Vengeful Surge: Bearish Trader Loses $92M in Epic Liquidation 😂

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What to know:

  • More than $680 million in crypto positions were liquidated in the past 24 hours, with short traders suffering the most as bitcoin surged above $121,000. Oh, the irony!
  • Roughly $426 million of the liquidations were from bearish bets, marking one of the largest weekend liquidation events recently. Someone’s weekend just got a lot more interesting.
  • Bitcoin’s rally has led to a broader breakout in major crypto assets, with institutional influence shaping market structure. The big boys are at it again.

More than $680 million in crypto positions were liquidated over the past 24 hours with short traders taking the bulk of the pain as a bitcoin breakout above $121,000 triggered a chain reaction across derivatives markets. It’s like a digital version of a domino effect, but with more zeros.

Roughly $426 million of the total liquidations came from bearish bets, according to Coinglass data, making it one of the largest weekend liquidation events in recent months. The largest single order, a $92.5 million BTC short, was flushed on HTX. Someone’s weekend just got a lot more expensive. 😂

BTC alone saw $291 million in forced closures, with futures tracking ether (ETH) and XRP following at $68 million and $17 million, respectively. XLM (XLM) and pepecoin (PEPE) also posted elevated activity, signaling that the squeeze extended deep beyond major tokens. It’s like a digital version of a game of musical chairs, but with more drama.

Meanwhile, dogecoin, Solana’s SOL (SOL), and SUI saw rising open interest, though with relatively smaller drawdowns, indicative of higher spot-based demand. It’s a dog-eat-dog world out there, even in the crypto realm.

Liquidations occur when traders using leverage are forced to close their positions due to margin calls. While they often signal excessive positioning, they also serve as a reset mechanism for markets, flushing weak hands and clearing the way for new directional flow. It’s like a digital version of a fire drill, but with more financial consequences.

Bitcoin’s rally in the past week has sparked a broader breakout across major crypto assets. Traders say that market structure is evolving under the weight of institutional influence — with eyes on the $130,000 mark in the short term. The big boys are watching, and the little guys are holding on for dear life. 🚀

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2025-07-14 09:12