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Abnormal disruption between Bitcoin buying and selling centers leads to the liquidation of positions worth $40 million

The price of Bitcoin witnessed a sudden rise exceeding $107,000, but this surge was not just a transient technical move; it was associated with a massive liquidation that unusually flipped the balance of short selling.

According to data from 'CoinGlass', over $39 million was liquidated in the past few hours, including $38.95 million from short positions, compared to only $73,000 from long positions.

This significant difference represents a deviation of 53.247% in favor of buying, making it one of the most unbalanced liquidation cases recorded in the crypto market for a long time.

The total liquidation across the cryptocurrency market reached about $65.49 million in the last 24 hours, of which more than $61.6 million came from short selling transactions.

Despite the impact on alternative cryptocurrencies such as Ethereum, Solana, and DOGE, Bitcoin was the main driver, both in terms of volume and relative impact.

The market map turned a deep red, clearly indicating severe pressure on short positions.

The liquidation also included alternative cryptocurrencies like PEPE and SUI, indicating that many speculators were caught off guard by the rapid and unusual rise.