One Trader Lost $92M in a Single $BTC Short Gone Wrong 🚨
OUCH. If you were shorting Bitcoin this weekend… condolences. 🪦 BTC’s rocket ride past $121,000 triggered over $426 million in short liquidations, making it one of the biggest wipeouts in months.
😵 The worst hit? A trader on HTX lost $92.5 million on a single BTC short.
Total crypto liquidations? A brutal $680M in 24 hours.
Here’s the breakdown:
🟠 BTC: $291M in liquidations
🔵 $ETH : $68M
🔷 XRP: $17M
🐸 $PEPE & XLM joined the squeeze party too
It’s not just pain—this was a reset moment for the market. With weak hands flushed out, bulls are back in charge. Analysts now eye $130K BTC as the next short-term target. 👀
Meanwhile, DOGE, SOL, and SUI are seeing rising open interest—hinting that spot demand is driving the next leg.
#Bitcoin #Liquidation #BinanceSquare #CryptoNews #BTC #Altcoins #CryptoTrading