The cryptocurrency market saw the largest wave of short liquidation trades in 2025 on April 22nd. Over $618 million worth of positions were liquidated in just one day, with $317 million of that related to Bitcoin. The main reason for this event was an intense Short Squeeze, rapidly wiping out leveraged positions, especially 100x trades. Data from the Coinglass platform indicates that this event was particularly concentrated in exchanges like Binance and BitBit. Bitcoin is now trading above $93,800, breaking key resistance levels, with $100,000 not far off. Analysts believe this extensive wave of short liquidation trades could mark the end of the bear market and the start of a new bullish phase. Despite the Relative Strength Index (RSI) being in overbought territory, the high trading volume and breaking of key resistances confirm buyer strength. Therefore, unless an unexpected event occurs, Bitcoin could continue on a path of further growth. Visit the digital currencies’ real-time price page to track live prices of all tokens and cryptocurrencies.
