Abnormal 2,360% liquidation tsunami stuns Bitcoin bulls in hourly bloodbath
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In the last hour, futures on Bitcoin saw a liquidation spike of an epic scale, with bulls taking the full hit. According to CoinGlass, BTC long positions were wiped out at a rate 2,360% higher than shorts — a staggering imbalance, which just perfectly describes how quickly sentiment can flip during uncertain times.
Digging deeper into data reveals that $3.55 million in BTC liquidations were recorded in just one hour, with $3.42 million of that coming from longs. Shorts? Just $130,700. It is obvious that the market leaned heavily into upside bets — and those on the bullish board were blindsided by a sudden reversal.
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The key to the story lies in the price chart of Bitcoin, as the leading cryptocurrency dropped from around $107,400 down to a local low near $106,500, ultimately triggering a liquidation cascade as over-leveraged longs got flushed out.
Within minutes, a brief bounce brought prices back above $107,000, but the damage was already done. A sea of red on derivatives dashboards is a silent reminder of how leverage works both ways.
Not just Bitcoin
It is not about Bitcoin alone; the pattern is wider. In the last 24 hours, over 111,000 traders were liquidated, totaling $347.28 million across the board. Longs accounted for $271.75 million — making up 78% of all liquidations — while shorts totaled the remaining $75.53 million.
The largest single order closed? A $2.15 million BTC/USD position on Binance.
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Interestingly, it was Ethereum that led all assets in liquidation volume this hour, hitting $7.49 million, and only then followed by Bitcoin and Solana with a $2.36 million figure. Smaller altcoins, including DOGE and PEPE, saw less impact, but pockets of forced selling appeared across the board.
The quake trigger here is not just volatility — it is leverage overload. Traders keep stacking long exposure on every dip, and the market keeps punishing the crowded side. Today, it was not the bears who got wrecked, but market optimists.
