Bitcoin's sudden surge past $107,000 is not just a bullish chart moment; it is a liquidation event of epic proportions that has turned the tables on short-sellers in a big way.
In the last few hours, BTC's rapid ascent triggered a wipeout of over $39 million in liquidations, with an impressive $38.95 million from shorts alone, versus a tiny $73K in long positions, according to data visualized on CoinGlass.
That is not just imbalanced — it is a 53,247% skew in favor of long positions, making it one of the most lopsided liquidation snapshots Bitcoin has seen in a while.
Looking at the big picture, we are seeing a total of $65.49 million in crypto liquidations over the past four hours, with shorts accounting for over $61.6 million. It is clear that this was not just a BTC story — it was a marketwide pain for the bears.
Other major names also got caught up, but nowhere near BTC's scale. Ethereum had $6.58 million in liquidations, while Solana and DOGE had smaller but notable clearing events. But what is interesting is how Bitcoin totally dominated the heatmap, both in raw numbers and relative impact. This suggests a concentrated bear squeeze.
The liquidation heatmap turned a deep shade of red, with shorts lighting up everywhere. Different altcoins like PEPE and SUI followed suit, showing that shorts across various narratives were caught off guard by this sharp BTC breakout.
Unlike typical slow climbs, this was a full-speed, parabolic rise upward, a sudden vertical push likely fueled in part by renewed U.S.-China trade talks in London, which may have reenergized global risk sentiment.
