- Bitcoin’s breakout past $110K triggered over $8B in short liquidations, marking one of the most aggressive squeezes in years.
- A clean breakout from a descending wedge near $81K confirmed bullish momentum as BTC soared to $114K with no major retracement.
- Short liquidations surged above $83K across Binance, Bybit, and OKX, confirming a strong sentiment shift and broad market participation.
Bitcoin surged past $110,000 this week, triggering over $8 billion in short liquidations across major exchanges. The breakout followed a clean move above $81,000, marking the end of a multi-month downtrend. Liquidation data confirmed a shift in market sentiment. Short sellers faced aggressive pressure once price crossed the $83,000 threshold.
The liquidation chart tracked data from Binance, Bybit, and OKX. The red line showed a decline in long liquidations as price rose from $69,897 to $83,229. Meanwhile, the green line, representing short liquidations, accelerated sharply beyond $83,229. At $92,733, short liquidations reached nearly $9 billion. This marked one of the most aggressive short squeezes in recent market history.
Strong Breakout from Descending Wedge
From January to early April, Bitcoin formed a descending wedge with lower highs and lower lows. Price respected this structure until the start of April. Besides, support held multiple times between $72,000 and $75,000 during the downtrend. Consequently, the structure signaled compression before a breakout.
The breakout above the wedge resistance occurred near $81,000. Bitcoin quickly rallied to $114,000 without significant retracement. Moreover, volume spiked, validating the breakout’s strength. The current price action trades well above any visible resistance. This confirms a clear shift to bullish continuation territory.
Market Structure Shift Confirmed
Long liquidations dominated the lower range between $69,897 and $79,929. These totaled over $200 million before tapering off. However, after $83,229, short liquidations surged. Bybit recorded the largest individual spikes, especially around $87,981 and $89,565. Binance and OKX followed with consistent liquidation volumes.
Additionally, the chart showed synchronized patterns across all three exchanges. This indicated broad market participation in the move. The cumulative shift from long to short liquidations confirmed a major reversal in sentiment. Moreover, the price currently holds above $110,000 with no signs of distribution.
The wedge structure now acts as a completed accumulation zone. The breakout reflects strong market conviction. Hence, Bitcoin’s bullish trajectory continues gaining strength. Price momentum remains aggressive with upward pressure sustained.
