Bitcoin Shorts Face 7,132% Liquidation Imbalance as $59 Million Positions Are Wiped Out

According to CoinGlass data, Bitcoin saw a sharp liquidation spike as $59.11 million in short positions were wiped out within four hours, versus just $828,780 in longs, creating a 7,132% imbalance. Over the past 24 hours, shorts made up $102.44 million of $120.19 million in total liquidations, highlighting heavy bearish mispositioning, but analysts caution that a lasting trend change still depends on genuine spot demand after the squeeze.