Bitcoin Sees $102M Liquidation Surge as Shorts Wiped Out

Bitcoin (BTC) has experienced a dramatic $102.35 million in total liquidations within hours, with short positions accounting for $95.96 million of the wipeout, according to Coinglass data. Long liquidations, by contrast, totaled just $6.38 million—marking an imbalance of 1,533% in favor of bulls. This overwhelming liquidation of shorts suggests growing market confidence in BTC’s upward trajectory, even amid broader crypto volatility.

The surge in short liquidations occurred as Bitcoin approached the $108,000 level, briefly climbing from the $107,000 range. However, Friday’s price action showed mixed signals, with a late-day pullback of 0.58% raising concerns among bullish traders. While the initial trend favored long positions, recent hourly data reveals a reversal. In the last recorded hour, $547.42K of total liquidations were attributed to long positions, compared to just $4.71K from shorts—indicating bears may be regaining control.

This shift in sentiment suggests increased market caution heading into the weekend. Although Bitcoin bulls were briefly in command, the momentum may be fading as traders brace for potential volatility. The sharp liquidation imbalance and sudden price fluctuations reflect a highly reactive market environment, where sentiment can turn quickly.

As Bitcoin struggles to hold above key psychological levels, both bulls and bears are watching closely. The recent liquidation spike and sentiment reversal underline the importance of risk management for leveraged traders. While Bitcoin remains resilient near $107,000, the fading bullish momentum signals possible turbulence ahead.