2026-01-02 15:21:16

Bitcoin's sharp rebound just wiped out a massive wave of shorts. In the last 24 hours, $206.3M in positions got liquidated—and here's the kicker: $161.4M of that (78%) were short sellers getting squeezed out, while only $44.9M came from long positions. As BTC pushes toward retesting the $90K level, the momentum shift looks real. Is this the start of something bigger, or just a technical bounce? The liquidation data suggests the bears are getting flushed out.

BTC1,93%

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FOMOSapien

· 9h ago

This short squeeze was brutal, losing 160 million in one day... That's why I always say don't be greedy when shorting.

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ImpermanentPhilosopher

· 15h ago

The shorts are wiped out, feeling great, just waiting for this wave.

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AmateurDAOWatcher

· 01-02 15:51

The shorts have been liquidated again. The liquidation data this time is quite satisfying, haha.

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GasFeeCrybaby

· 01-02 15:50

The short positions got wrecked again and again. This round was so awesome.

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SatoshiChallenger

· 01-02 15:48

Interesting, 78% short liquidation is called a "bull market cleansing"? The data speaks for itself. The last time we were this optimistic was last November, and then what happened? Ironically, $161.4M sounds like a lot, but objectively, this amount of trading volume can't really shake anything. Historical lessons tell us that a rebound doesn't equal a reversal; don't be fooled by technicals. Wait, re-test 90K and then what? I bet five months from now I'll come back to this post with a different feeling. I'm very familiar with this narrative. Every time they say "the momentum is really here," it's always a flash in the pan. Not to be confrontational, but I want to ask—why would this time be different?

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BridgeTrustFund

· 01-02 15:42

Shorts liquidated, feels good. Looking at this data, 78% are short positions being squeezed out. Is the bull market back?

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AirdropHunter007

· 01-02 15:25

78% short liquidation, this rebound is quite something

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CoconutWaterBoy

· 01-02 15:23

The shorts really took a huge loss this time, with 78% of liquidations hitting them haha