2026-01-12 18:21:51

Looking at the trend of Bitcoin, the bulls still have the strength to push higher.

What just happened is quite interesting — in the past hour, over $20 million was liquidated across the entire network, which is a significant scale. Specifically:

Shorts were hit hard, with nearly $19.5 million in liquidations, while longs also collapsed by $770,000. This indicates that the bulls and bears are indeed battling at this level.

Focusing on BTC alone, liquidations reached $12.78 million, accounting for the majority. ETH liquidations were $2.31 million.

Behind these large liquidation events, there is usually a directional break. Especially with such concentrated short liquidations, it suggests that the bulls encountered some resistance levels while pushing higher, and breaking through could easily trigger chain reactions of liquidations. The next move depends on whether these price levels can hold.

BTC-0,9%

ETH-0,47%

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SquidTeacher

· 14h ago

The shorts have been taught another lesson, and this time the scale is really quite fierce. But is it so easy to get liquidated just by breaking through resistance? It feels like there will still be some volatility afterward to stabilize. BTC is the main player, with over 12 million liquidated—someone is really betting.

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FlatTax

· 14h ago

The shorts got wiped out this time, feels great!

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MetaMisfit

· 01-12 18:49

The shorts got crushed, this rally from the bulls is pretty strong Damn, it's those leveraged traders getting wiped out again. Looks like someone is really trying to break through this level BTC is still the main player, with over 12 million in liquidation, ETH is just a sidekick The key is whether it can hold this level, otherwise it's a false breakout and we'll get proven wrong again Waiting to see how it plays out later, feels like there's still hope

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GasFeeSobber

· 01-12 18:49

The short positions were crushed again and again. The scale of liquidation this time must have been a lot for the longs to have the strength to push back up.

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MoonRocketTeam

· 01-12 18:42

The bears are crushed, can the current bulls hold their ground, or will it pull back again to find support?

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BearMarketMonk

· 01-12 18:40

The short position was directly blown up; this pace is a bit intense. Once again, it's a 20 million situation, with BTC alone taking in over 12 million, truly the main character. Whether it can hold is the key; don't pull it back again.

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OnChainSleuth