#BTCBackto100K liquidations of $970M, is the market overheated?

On May 8, Bitcoin confidently exceeded the $100,000 mark for the first time in months. This is not just a technical breakthrough — it caused a real shock in the market.

Mass liquidations: a blow to shorts.

According to CoinGlass, 190,000 traders were liquidated in one day, with total losses reaching $970 million. Of this, $836 million came from short positions — the largest liquidation since 2021.

Interestingly, the real figures might be higher, as not all exchanges, including Binance, disclose full liquidation data.

Now — the reverse threat: longs under pressure

Against the backdrop of rising prices, traders massively opened long positions with high leverage. If BTC drops below $100K, a wave of long liquidations of $2 billion is possible, and if it falls to $98K — already $3.45 billion.

This indicates a sharp imbalance in sentiment: the market bets on growth, but the risks of a deep correction are higher than ever.

Open interest in Bitcoin futures reached $67.4 billion, which is above the critical mark of $65 billion. History shows: every time OI exceeded this threshold, a correction followed.