Potential Melt-up Scenario in Play as Bitcoin Shorts Worth $19 Billion Build Up
The post Potential Melt-up Scenario in Play as Bitcoin Shorts Worth $19 Billion Build Up appeared on BitcoinEthereumNews.com.
It’s been a rather interest week for Bitcoin, considering the record liquidation levels that occurred on Friday. Roughly $19 billion worth of Bitcoin leveraged positions were liquidated as price crashed. Bitcoin price appeared to have cooled down after the massive liquidation events. However, market data revealed that roughly $19 billion worth of shorts were executed barely 24 hours later. Bitcoin exchange liquidation map/ source: CryptoQuant Bitcoin exchange liquidation map revealed that the cumulative short liquidation leverage amounted to over $19 billion. In other words, the amount of leveraged Bitcoin shorts amounted to the same level as the recent long liquidations. Here’s Why Bitcoin Could be Preparing for a Short-Squeeze Induced Rally The leveraged liquidations stretched all the way to the $130,000 price level. This means a Bitcoin shorts liquidation-induced melt-up could potentially be on the cards. Such a short squeeze may fuel a push into a new ATH especially if backed by robust whale and institutional demand. The latest liquidation event meant that whales were on the hunt, and leveraged traders were the prey. Bearish expectations on account of the escalating tariff wars explain the sudden surge in short positions. However, the expectations of more downside may end up being a trap for the bears. Market data revealed that demand from the whale cohort was already making a comeback. Whales acquired over $68 million worth of Bitcoin on Binance spot, and over $7 million on OKX in the last 24 hours. However, Coinbase still experienced roughly $16 million worth of spot outflows. In summary, whales contributed $59 million worth of net spot buys on the three major exchanges in the last 24 hours. Whales also executed about $ 3.5 billion worth of long positions on OKX and Binance futures. The spot and derivatives activity across the centralized exchanges confirmed that…
Filed under: News - @ October 11, 2025 11:27 pm