news.bitcoin.com
After spending the morning flirting with the dungeon below $88,000, BTC clawed its way upward and blasted to an intraday high of $91,767. Bitcoin’s latest rebound didn’t just flip the script on weekend traders — it triggered a full-blown liquidation bonfire across the crypto market as deep-pocketed buyers muscled shorts into oblivion.
Heavy Buyers Reappear
Bitcoin’s weekend swing didn’t arrive quietly — it came with steel-toed boots, stomping through a crowded field of leveraged traders and reducing short positions to digital confetti. After dipping toward the $87,000 zone, bitcoin snapped back with a surge of green candles across several timeframes, each showing a burst of volume that strongly suggested larger buyers were done watching the market flail around.
The 1-hour chart offered the first clue: a deep wick into the $87,744 region, immediately met with hefty buying pressure that flipped the candles green in rapid succession. This wasn’t casual retail enthusiasm — the volume spike signaled a coordinated absorption of sell-side liquidity. On the 4-hour bitcoin chart, that rebound arrived as a thunderclap: a towering green candle with volume several times larger than the preceding sessions. Anyone leaning too hard into shorts suddenly found themselves in a very uncomfortable position.
After printing a bruising low near $80,537 earlier in the week, the market staged yet another reversal that began quietly but erupted once whales started snapping up discounted supply. The footprints were unmistakable — a sharp rebound, thick-bodied green candles across several timeframes, and the type of volume that typically means someone with influence decided prices had strayed too far.
Then came the consequences. According to the liquidation data via Coinglass.com, crypto markets erased $348.32 million in leveraged positions over 24 hours, with $229.46 million wiped from longs during the earlier downturn and another $118.86 million from shorts as the rebound ripped higher. ETH led the carnage with $135.14 million in liquidations, while bitcoin added another $78.48 million to the global tally. The largest single liquidation — a painful $17.81 million — hit an ETH-USD position on Hyperliquid.
Read more: Ethereum Torches $18B in Value and Clears 6M ETH Burned, Yet the Supply Keeps Expanding
Across 122,572 liquidated traders, the message was the same: overconfidence has consequences. Shorts were emboldened by the dip, only to get steamrolled once whales stepped back into the arena and turned the market into a squeeze machine.
The reversal wasn’t just a bounce — it was a declaration. Buyers with size, possibly institutional, reclaimed the narrative, forced out crowded positions, and sent bitcoin marching back toward the $90,000s while leveraged traders searched for whatever was left of their accounts.
The question now is whether this upswing has the stamina to stick around and finally drag the market out of its bear-market doom proclamations and into a fresh bullish breakout. After the messy unwind from $126,000, holders are left crossing their fingers — and maybe a few toes — that this momentum doesn’t fizzle out.
FAQ ❓
- Why did bitcoin bounce so sharply?Big buyers absorbed sell pressure near support, triggering a fast reversal.
- What caused the massive liquidations?A flood of short positions was wiped out as bitcoin rallied sharply.
- Which crypto saw the most liquidations? ETH led with more than $135 million in liquidations over 24 hours.
- How much was liquidated in total?Roughly $348 million in leveraged positions vanished across the market.