#2026年比特币行情展望 Shorts Chain Liquidation: $140 Million Liquidated in 4 Hours, Bulls Reignite Momentum

Market monitoring data just released: in just 4 hours, the Bitcoin and cryptocurrency markets liquidated approximately $140 million worth of short positions. This chain of liquidations directly ignited traders' enthusiasm for going long, with many seasoned players viewing it as a watershed moment for the bulls to regain dominance.

Looking at the market details, this rally is not an isolated price surge—it's the synchronized increase in trading volume that is key. Once the price breaks through those critical support levels, stop-losses on high-leverage short positions are triggered, creating what we often call a "short squeeze." The passive stop-loss orders generate buy orders, pushing the rally further, and the market exhibits a clear acceleration in a short period.

Interestingly, this clearing of short positions did not come with frantic chasing of the high. On-chain data makes it clear: the open interest of mainstream coins has not surged dramatically, indicating that the market is not purely driven by emotional release but by substantial capital reallocation. Because of this, the price can sustain its rise without quickly retracing.

From a macro perspective, the market is highly sensitive to interest rate expectations, policy signals, and institutional capital flows. The large-scale exit of shorts directly reflects a weakening of short-term bearish forces, while the bulls are re-establishing their advantage. However, a warning: continuous liquidations often signal upcoming increased volatility, and the next phase may involve repeated oscillations and a new round of capital rotation.

Overall, the $140 million short liquidation is not just a technical event but a significant turning point in market sentiment and capital flow. Whether the bulls can maintain their advantage ultimately depends on whether trading volume and capital can continue to follow through. But at least at this stage, bullish sentiment has clearly warmed up.