Lookonchain
Trader 0xc3ed was liquidated four times in 14 hours as $BTC rose, with 375.8 BTC worth $32.55 million in short positions wiped out.
Why it matters
The episode highlights the pressure building on leveraged traders during a BTC move higher. When short positions are forcibly closed, the resulting buying can reinforce the rally and accelerate losses for traders positioned against it.
Market impact
The liquidations are concentrated in one trader's account, but they show the risk of maintaining large short exposure during a fast market move. Derivatives positioning and further liquidation activity will be key signals for whether the squeeze broadens or fades.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0xc3ed57a7a8fa374af47eba5dd713bc2946f800dd#txs)
Frequently asked questions
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How much BTC was wiped out in the liquidations?
The liquidations wiped out 375.8 BTC in short positions, valued at $32.55 million.
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How many times was trader 0xc3ed liquidated?
Trader 0xc3ed was liquidated four times over a 14-hour period.
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Why can short liquidations support a BTC rally?
Forced short closures require traders to buy back their positions, which can add buying pressure during a rising BTC market.
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Were the reported losses spread across multiple traders?
The reported liquidations were concentrated in trader 0xc3ed's account.
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What could indicate that the short squeeze is broadening?
Further liquidation activity among leveraged short positions would indicate that the squeeze is spreading rather than remaining concentrated in one account.
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