$1.1 billion in short positions liquidated in one hour, with BTC accounting for $633 million.
DeFi & Yields ·
Approximately $1.1 billion in short positions were liquidated within a single hour, with Bitcoin accounting for $633 million of that total. The liquidation spike reflects a sharp reversal in sentiment among traders holding bearish positions, suggesting a sudden move upward in asset prices that forced automated margin calls and forced closures. The broader cryptocurrency market context—whether this represented a coordinated rally across multiple assets or a Bitcoin-led surge that dragged alts along—remains unclear from available data, as does the specific trigger for the liquidation cascade and whether similar waves have followed.