Bitcoin (BTC) delivered to short traders who extended their quiet knockouts without moving prices much. In just an hour, BTC's short liquidation surged to $2.47 million, but according to Coinglass, the long liquidation barely surpassed $57,000. This was a 4,333% imbalance, occurring while the spot price remained somewhere around $108,800.
The move caught an offended bear without the main headlines or sudden candles being held responsible. Instead, it looks like a good ol' short aperture.
Someone was trampled on and the market forced them to pay it. BTC's hourly charts remained calm, but the heatmap illuminated a bright red. Ethereum (ETH) broke the total liquidation at $5.09 million, but BTC's short wipeouts stood out due to its huge imbalance.
When you broaden your vision, the picture changes. Over the past 24 hours, $29 million BTC long has been liquidated and $9.4 million shorts have been included. That hourly swing is a quick reset and may not be a full-scale trend change. Nevertheless, it shows how things can change quickly when leverage is too high on one side.
It didn't take long to trigger this as BTC keeps it just below the key level and traders are making heavy directional bets. There were no big candles or broken news – only thin air under weak positions.
These types of liquidation imbalances are early signs of a larger move, or only market noise between setups. Either way, today, Bear reminded me that even if the charts are calm, the fundraising game really doesn't stop.
