Bitcoin Rockets 4,333% in Epic Liquidation Imbalance: What's Happened?

Key Points

1. Short liquidations on Bitcoin surged to $2.47 million in one hour, while long liquidations were only $57,000, creating a 4,333% imbalance.

2. The spot price of Bitcoin remained stable around $108,800 during this liquidation event.

3. Ethereum topped total liquidations at $5.09 million, but Bitcoin's short wipeout was notable due to the extreme imbalance.

4. In the last 24 hours, $29 million in Bitcoin long positions were liquidated versus $9.4 million in short positions, contrasting the hourly event.

5. The event occurred without significant price movement or breaking news, likely due to thin liquidity and weak positions.