2026-01-14 19:30:52

Bitcoin Rally Triggers Massive Short Liquidations—Nearly $800M Wiped Out

When Bitcoin decides to make a move, those betting against it pay the price. A sharp price spike has sent shock waves through leveraged traders, with liquidations cascading across the market.

The damage? Close to $800 million in shorts getting completely wiped out. That's not pocket change—it's the kind of move that forces traders to rethink their positions when the market decides to turn the tables.

For those holding short positions on the leading cryptocurrency, it was brutal. The rapid upward movement in Bitcoin's price left many margin traders with nowhere to hide, triggering forced liquidations as their collateral fell underwater.

It's a reminder of how volatile derivatives trading can be—especially when the broader market suddenly shifts direction. Big moves, quick liquidations, and plenty of red candles for those on the wrong side of the trade.

BTC-0.52%

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OnchainGossiper

· 19h ago

The short position was liquidated again, lost 800 million dollars haha

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ArbitrageBot

· 20h ago

800 million liquidation, this is what you get for shorting.

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HashBandit

· 20h ago

ngl $800m in liquidations hits different when you remember back in my mining days we'd be sweating over $50 swings lmao... this is exactly why i stopped leveraging, gas fees aren't the only thing that can rekt you

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CryptoPunster

· 20h ago

8 billion USD, just settle when it's time to settle—that's the ultimate reward of going all in. The shorts are truly forced to "stop loss" this time. It should feel pretty good to lose money happily on this trade. Look at these contract warriors causing trouble. Will they dare to short against the trend next time? When the price surges, the margin becomes paper—this is what we call the market's "gentleness." The leek farmers' self-deprecating contest, this year's champion among the short group, has the highest hopes. Dreams shattered in 8 billion USD; this memory will be engraved in their minds for a lifetime. Not targeting anyone specifically, but this move by Bitcoin is indeed extraordinary.

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MysteriousZhang

· 20h ago

The short position got wiped out again, this time losing 800 million directly. It feels pretty satisfying.

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