Bitcoin Breaks Through $118k, Short Sellers Left Crying and Liquidated

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Ah, Bitcoin. Always the rebel. Just when you thought it had settled down for the weekend, it leapt above $118,000, causing a collective gasp of disbelief. But wait, the price isn’t the only thing making waves—no, it’s the liquidation drama that’s truly captivating.

According to the ever-reliable CoinGlass heat map (because who doesn’t trust a heat map when your life savings are on the line?), over a mere 12 hours, Bitcoin showed a grand total of $3.66 million in short liquidations. In comparison, longs only suffered a paltry $197,660. That’s an imbalance of 1,722%. Who knew the crypto world had a flair for one-sided drama?

This wasn’t your average shakeout where longs get their feet tangled in the market’s angry dance. No, this was a clear-cut massacre of the shorts, leaving them strewn about like confetti at a New Year’s party. For once, the price action simply decided to be merciful—if you happen to be a long holder, that is. The short positions? Not so much.

To add salt to the wound, across all tokens, the total liquidation for the 12-hour period reached $55.54 million. Shorts took home $34.16 million of that, while longs made a modest $21.38 million exit. But wait, there’s more—over a full 24-hour stretch, liquidations hit a whopping $191.17 million. Shorts contributed $67.61 million to the slaughter, while longs? A mere $123.56 million. The shorts were the true stars of the liquidation party, as they were obliterated in the most unapologetic manner.

And just to make things even juicier, Bitcoin topped the liquidation leaderboard with a satisfying $3.86 million, closely followed by XLM ($5.09 million), ETH ($4.57 million), and XRP ($2.43 million). But there was a twist—1000BONK, the underdog, defied the odds, with over $2.2 million in shorts wiped clean from the board. It was a rare sight indeed—a beacon of green in an ocean of red.

In total, 97,264 traders found themselves liquidated in the past 24 hours. The grandest loss? A $2 million BTC/USDT position on Bybit. The poor soul behind that position must now be sipping some very strong tea, likely questioning their life choices.

All in all, this 12-hour imbalance is a stark reminder of how the market can swing like a pendulum when leveraged shorts think they’re invincible. It’s a beautiful, chaotic world where hesitation is simply not an option—especially when Bitcoin decides to surge through resistance as if it’s just another stroll in the park.

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2025-07-13 16:31