{"id":31706,"date":"2026-08-19T21:25:46","date_gmt":"2026-08-19T20:25:46","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/19\/bitcoin-ethereum-short-squeeze-liquidations\/"},"modified":"2026-08-19T21:25:52","modified_gmt":"2026-08-19T20:25:52","slug":"bitcoin-ethereum-short-squeeze-liquidations","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-ethereum-short-squeeze-liquidations\/","title":{"rendered":"$1.93 Billion Liquidated in 24 Hours: Bitcoin and Ethereum Shorts Get Crushed"},"content":{"rendered":"\n

The crypto market just delivered a brutal correction to bearish traders. In less than 24 hours, nearly $2 billion<\/strong> in leveraged positions were wiped out, with the bulk concentrated on Bitcoin and Ethereum short positions<\/strong>.<\/p>\n\n\n\n

A price move as swift as it was violent, forcing more than 127,000 traders<\/strong> out of the market at a painful cost. Here is what the data reveals about this liquidation wave.<\/p>\n\n\n\n

127,000 Traders Liquidated: Shorts Can’t Withstand the Bitcoin Rally<\/h2>\n\n\n\n

According to data from CoinGlass<\/strong>, $1.93 billion<\/strong> in leveraged positions were liquidated over the past 24 hours. The breakdown of those liquidations is particularly telling: $1.75 billion<\/strong> came from short positions<\/strong>, compared to just $179.28 million<\/strong> on the long side. A 9-to-1 ratio that illustrates the sheer scale of the short squeeze<\/strong> currently underway.<\/p>\n\n\n\n

Bitcoin<\/a> alone accounts for $1.15 billion<\/strong> in liquidations, almost entirely from bearish positions. Ethereum<\/strong> follows with approximately $516 million<\/strong> liquidated, also dominated by shorts. This type of cascade occurs when price breaks through key resistance levels<\/strong>: short stop-loss<\/strong> orders trigger in sequence, mechanically amplifying the move higher.<\/p>\n\n\n\n

In total, 127,000 traders<\/strong> were forced to close their positions. A figure that reflects an unusually high bearish exposure ahead of this move \u2014 a sign that the market had significantly underestimated the strength of the rebound.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Bitcoin at $68,344: Price Action, Context, and Key Levels to Watch<\/h2>\n\n\n\n

At the time of publication, Bitcoin is trading around $68,344<\/strong>, representing a gain of +5.6% over 24 hours<\/strong>. Breaking through the $68,000 zone<\/strong> is a significant technical signal: this level had previously acted as resistance<\/strong> during several failed breakout attempts.<\/p>\n\n\n\n

The current dynamic resembles a classic short squeeze<\/strong>: an accumulation of short positions above a support level, followed by a bullish move that forces their liquidation in a cascade. This phenomenon creates a self-reinforcing loop \u2014 liquidations fuel the rally, which triggers further liquidations. The $1.93 billion<\/strong> in volume over 24 hours confirms the intensity of this market mechanic.<\/p>\n\n\n\n

The next resistance levels<\/strong> to watch sit around $70,000<\/strong>, a major psychological threshold and the former all-time high from March 2024<\/strong>. If momentum holds and volume remains elevated, that level will become the next decisive test for the bulls. Conversely, a swift reversal back below $66,000<\/strong> could signal a false breakout and reignite selling pressure.<\/p>\n\n\n\n

What This Liquidation Wave Reveals About Market Sentiment<\/h2>\n\n\n\n

A liquidation event of this magnitude \u2014 nearly $2 billion in a single day \u2014 does not happen in a vacuum<\/a>. It reflects an excessive bearish positioning built up over several weeks, often driven by expectations of a prolonged correction or stagnation. When price breaks to the upside, that surplus of shorts becomes fuel for the rally.<\/p>\n\n\n\n

This type of event is typically followed by a repositioning phase: liquidated traders cautiously re-enter the market, funding rates<\/strong> on perpetuals<\/strong> climb back up, and open interest<\/strong> gradually rebuilds. The market then enters a digestion phase, where the direction of the next move depends largely on macro catalysts and whether the newly established support levels hold.<\/p>\n\n\n\n

For active traders, a mass liquidation<\/strong> signal like this is a sentiment indicator in its own right \u2014 on par with the Fear & Greed Index<\/strong> or open interest<\/strong> data. It signals that the market has just purged a significant portion of its excess bearish leverage, which can, in the short term, reduce structural selling pressure.<\/p>\n\n\n\n

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