Bitcoin Faces Brutal 1,342% Liquidation Imbalance as $713 Million in Crypto Positions Wiped Out

It took less than 12 hours for the market to punish over-leveraged Bitcoin traders again. Roughly $66 million in BTC positions were liquidated overnight, and a staggering 93% of that came from longs. The imbalance between long and short liquidations — 1,342% by CoinGlass liquidation heatmap — highlights how one-sided the bullish positioning had become right before the drop.