$BTC
appears there’s a massive wave of crypto short liquidations, but unpacking it requires clarity:
1. Reported figure (“$500 million in the past 5 hours”):
I couldn’t find an exact source stating “$500 million in shorts liquidated within the past 5 hours.” However, several reliable crypto outlets confirm a figure of roughly $500 million in short liquidations over the last 24 hours—not 5 hours .
2. Notable events:
CryptoPotato noted almost $500 million in shorts wiped out in a 24‑hour span when Bitcoin exceeded $101K .
CoinDesk reported about $530 million in shorts liquidated amid a market surge in April 2025 .
The Financial Analyst flagged a similar event (~$500 million in shorts liquidated) tied to Bitcoin’s surge around June 25, 2025 .
3. Was it in the past 5 hours?
Not according to the sources. The figures refer to 24‑hour windows, often tied to big BTC rallies around $101K–$119K. One article reported over $560 million in liquidations occurred in just one hour around July 10, 2025, but that also extends beyond 5 hours .
4. Likely scenario:
A major short squeeze is unfolding — with Bitcoin trading at $121K, shorts are being closed out, triggering large forced buybacks. But the $500 million+ total relates to a 24‑hour timespan, not a short 5‑hour window.
🔍 Summary
Claim Reality
$500 million shorts liquidated in 5 hours No direct evidence — reports cite ~24 hours
Volume of liquidations In the $500M–$700M range over 24 hours, often during BTC rallies above $100K
Market behavior Classic short squeeze amid sudden upward price moves (BTC: $100K → $121K)
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📈 Current Market Snapshot
Bitcoin: ~$121,766 (up ~$3,639)
Ethereum: ~$3,040 (up ~$72)
This uptick is fueling the liquidations we're seeing.
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✅ So, is the “$500M in the last 5 hours” accurate?