We often hear about short or long squeezes, and today Binance provided a perfect example of this market phenomenon.
In just one minute, more than $7.8 million worth of short positions were liquidated on Binance Futures, causing a sudden and intense spike in liquidations.
This event wasn’t isolatedt. A similar wave of aggressive liquidations took place just days earlier on June 30, revealing a clear pattern of concentrated liquidation pressure within Binance’s futures market.
Since Binance holds the largest share of futures trading volume in the crypto space, monitoring these liquidation events is especially important for anyone looking to anticipate sharp price movements and volatility.
As these positions were forcibly closed, they triggered a cascade of buying pressure, injecting strong upward momentum into Bitcoin’s price.
This buying frenzy propelled BTC to a new all-time high, approaching the $112 000 mark. This sequence perfectly illustrates how liquidation events can rapidly shift market dynamics, turning forced selling or buying into powerful drivers of extreme price swings.
Written by Darkfost
