【Explosive Liquidation! $970 million evaporated in an instant】 Bitcoin surged to $100,000, shorts were ruthlessly wiped out, and the real storm is just beginning!

Bitcoin surged again, breaking through the $100,000 barrier, igniting market enthusiasm and triggering an epic short squeeze. In just a few hours, $970 million in leveraged positions were forcibly liquidated, and the market lost control in an instant!

Shorts were brutally slaughtered, and bulls took the opportunity to counterattack.

Bitcoin briefly retraced to $94,000 in early May, giving shorts a glimmer of hope as a large number of bearish positions rushed in. However, the bulls made a comeback, pushing the price back to $104,000, catching the shorts off guard and leading to a massive wave of liquidations.

Data shows that the proportion of long positions on multiple platforms exceeds 51%, and the financing rate has also set the longest rising cycle in a month—sentiment has completely turned bullish.

Risks remain: Liquidity contraction and pullback risks

Despite the fierce upward trend, Bitcoin's open interest has declined by over 4%, indicating that some capital has begun to withdraw, reducing leverage and locking in profits. Meanwhile, shorts have not completely exited; some traders are betting that BTC will face resistance at $103,000.

More critically, the liquidity heatmap reveals a key area: around the $103,685 position, nearly $50 million in leverage has accumulated, which could become the ignition point for a new round of volatility.

What will happen next?

Although the derivatives market shows signs of cooling, on-chain data indicates that most holders are still holding on, with weak signs of spot distribution, suggesting that long-term capital remains bullish.

If the price breaks new highs again, shorts may face another "hunt," pushing BTC to challenge $105,000 or even higher.

Conclusion:

This wave of $970 million in liquidations is just the beginning. The Bitcoin trend is heading towards a watershed moment, with the ultimate showdown between shorts and longs on the verge of breaking out. Are you ready to face the next storm?