$2.47M in BTC Shorts Liquidated in 1 Hour Without Price Moving an Inch

• Massive short liquidations hit Bitcoin traders without any major price movement unfolding.
• BTC chart stayed calm while $2.47 million in shorts were liquidated instantly.
• Unexpected short squeeze wipes out traders as Bitcoin holds steady near key resistance.

Bitcoin traders faced a sudden wave of liquidations on Monday as $2.47 million worth of short positions were wiped out in just one hour. According to data from CoinGlass, this sharp liquidation hit came with almost no visible price movement, as BTC remained stable at nearly $108,800.

This surprising event unfolded without any major headlines or large price candles on the hourly chart. As the market may have seemed stable at face value, its funding information showed the underlying imbalance.

Long liquidations at the same hour were not much above 57,000, showing a 4333 percent difference from short liquidations.

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The liquidation heatmap of BTC was all red, even without volatility. It stated that a short squeeze drove off overleveraged traders rather silently, probably because their positions had been piled beneath important resistance points.

This immediate compression caused stop hunts and compulsory exits with no acute movements in the spot price.

Ethereum recorded the most extraordinary liquidation sums overall, with $5.09 million lost in a larger raid. Nevertheless, the odd size and quiet nature of Bitcoin’s hourly short liquidation attracted multiple comments.

The transition surprised sellers who were still betting on the market and presaged the precariousness of the existing market structure, which continues to operate under excellent leverage.

Liquidation Spike Signals the Risks of One-Sided Leverage

Looking at a wider timeframe, liquidation data from the past 24 hours painted a different picture. BTC long positions saw a much larger total of $29 million liquidated, compared to $9.4 million in shorts. The fact that short liquidations went up by the hour was not a momentum reset but relatively temporary.

Highly geared trading at significant levels keeps traders open to whipsaws. There was no headline; there was nothing important to get news on, but liquidation was quick, as the market punished weak hands.

The spot price of BTC hardly changed, but a sufficient number of short traders met their forced exit.

Quietly wiping out $2.47 million in BTC shorts without a price eruption reinforces the idea that market calm can be deceptive. As leverage is stacked on just one side, even a flat chart can result in costly liquidations.

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