Bitcoin’s weekend breakout above $118,000 caught attention not only for the price, but also for the aggressive liquidation stats.
According to the updated CoinGlass heat map, in the 12-hour window, BTC recorded $3.66 million in short liquidations, compared to just $197,660 from longs. That’s an imbalance of 1,722%, with nearly all the damage falling on short positions.
Unlike typical shakeouts, where longs become overexposed, this breakout wiped out shorts almost exclusively. For BTC, it was a one-sided liquidation, a rare event when price action favors longs so clearly.
Across all tokens, 12-hour liquidations totaled $55.54 million, split between $34.16 million from shorts and $21.38 million from longs.
Over the full 24-hour period, the total liquidation volume reached $191.17 million, with $123.56 million from long positions and $67.61 million from short positions. While the broader market leaned long overall, Bitcoin’s intraday wipeout told a different story, driven by overconfident bears.
BTC topped the liquidation board at $3.86 million, followed by XLM ($5.09 million), ETH ($4.57 million) and XRP ($2.43 million). Notably, 1000BONK stood out on the other side, with more than $2.2 million in shorts cleared and flashing green in a sea of red.
A total of 97,264 traders were liquidated in the last 24 hours, with the largest single hit being a $2 million BTC/USDT position on Bybit.
The massive 12-hour imbalance is shown to be evidence of how violently the market turned against short-side leverage — and how little room there is for hesitation when BTC is seen to move this cleanly through resistance.