🚨 $1.25 Billion Liquidated in a Single Day! 💣

$BTC just broke past $118K — and the derivatives market went wild.

In the past 24 hours, over $1.25 BILLION in positions were liquidated, with 90% being short trades. 💀

🔥 265,000+ traders got wiped out — and Bitcoin alone accounted for $656M in liquidations.

Even top trader James Wynn wasn’t safe. His high-leverage BTC short on Hyperliquid got nuked in under 12 hours, losing $27,921.63.

According to analysts like Byzantine General, this is the biggest short squeeze BTC has seen in years. 😳

📈 But it’s not just shorts in trouble…

Open Interest (OI) on BTC has now hit a new all-time high — over $78.6B.

The entire crypto futures market? $177B+. Leverage is everywhere.

Every tiny move can now cause massive liquidations. ⚠️

And guess what? Traders are flipping from short to long — fast.

But that shift brings danger.

🔺 Long liquidations are now 10x more leveraged than shorts, says analyst Joe Consorti.

😨 It’s greed vs. fear in real time.

A rally… or a rug?

Be careful out there. It’s a leverage jungle. 🌪️

#BTCBreaksATH #bitcoin