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Bitcoin Traders Face $81.94M Liquidation, 900% Short Spike

Coin WorldMonday, May 5, 2025 3:08 pm ET
1min read

In the past 24 hours, Bitcoin (BTC) traders experienced a significant liquidation event, with a total of $81.94 million in positions being liquidated. Of this amount, $73.55 million came from long positions, while only $8.39 million came from short positions. This resulted in a 9-to-1 imbalance, representing a 900% spike favoring short positions, marking one of the most extreme lopsided liquidation events in recent times for Bitcoin.

This event was part of a broader trend of liquidations across the crypto space. In total, $209.97 million in positions were liquidated in just one day, affecting over 74,000 traders. Similar to Bitcoin, long positions bore the brunt of the damage, with $167.03 million in long liquidations compared to $42.94 million in short liquidations.

Other major cryptocurrencies were also impacted. Ethereum (ETH) saw liquidations totaling $37.35 million, while Solana (SOL) and XRP experienced liquidations of $9.23 million and $6.23 million, respectively. Although these figures are not unusual on their own, the consistent trend of long liquidations across nearly every major token indicates that the market was overly bullish, and many traders were caught off guard by the sudden downturn.

The 12-hour window leading up to the event showed a similar pattern, with $80.55 million in long liquidations compared to $26.84 million in short liquidations. This suggests a cascade effect that likely began with mild downside movements and quickly accelerated as stop losses and margin calls were triggered.

Interestingly, this significant liquidation event occurred without any major price drops. Bitcoin and other top cryptocurrencies experienced dips, but not to the extent that would typically explain such a high level of liquidations. This highlights the complexity of the crypto market, where the positioning behind the moves can often cause more damage than the moves themselves.

According to CoinGlass, the largest single liquidation was from HTX’s ETH/USDT pair, amounting to $2.36 million. It remains uncertain whether this event was a mere reset or an indication of deeper market issues.

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Fountainheadusa
05/05
$209M in liquidations and BTC only dipped a bit? Market's like a house of cards, folks.
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dypeverdier
05/05
Short spike, long panic. Classic crypto move.
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Pin-Last
05/05
Longs got rekt, shorts got the W. Classic pump and dump with a side of margin calls. 🤔
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JimmyCheess
05/05
$209M liquidated, who's still holding? 🤔
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05/05
@JimmyCheess

dude...BTC is in the Trillions in total.....209M is a rounding error in the big picture

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Medical-Truth-3248
05/05
@ Sure
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Surfin_Birb_09
05/05
I'm holding BTC and ETH, but keeping my stop-loss tight. Don't wanna get caught in the next squeeze.
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lookingforfinaltix
05/05
Crypto market's like a rollercoaster. Gotta hold tight and ride the waves. 🚀
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lem_lel
05/05
@lookingforfinaltix Hold on tight? More like hold on for dear life. 🤣 Just hope our portfolios don't go parabolic on us.
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Legend27893
05/05
Remember when $TSLA had a similar short spike during the meme stock rally? Wild times for traders.
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Conscious_Shine_5100
05/05
This liquidation event felt more like a controlled burn than a panic sell-off. Interesting times ahead.
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Phuffu
05/05
Crypto market's like a rollercoaster, buckle up!
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sniperadjust
05/05
Hodl the line, don't let go!
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GarlicBreadDatabase
05/05
@sniperadjust How long you planning to hodl? Curious if you've set a target or timeframe.
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Big-Potential4581
05/05
Wow!I successfully capitalized on the BTC stock's bearish movement with Premium tools, generating $343!
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