Crypto Futures Wipeout: $197M Liquidated As BTC Climbs Above $76K
Forced liquidations across cryptocurrency futures markets reached $197.75M over the past 24 hours. Short positions on Bitcoin (BTC) and Ethereum (ETH) accounted for the majority of the figure.
Yellow.com
Publisher
Aug 18, 2026 at 7:18 AM UTC · Updated 2 天前 · 2 分钟阅读

Entities
bitcoin
Market Impact
BTC+7.70%$69,200
Last Updated
2 天前
Forced liquidations across cryptocurrency futures markets reached $197.75M over the past 24 hours. Short positions on Bitcoin (BTC) and Ethereum (ETH) accounted for the majority of the figure.
What Happened
A short squeeze occurs when a rising asset price forces sellers to buy back positions at a loss. Automated liquidation engines on exchanges close positions when margin falls below a threshold.
Bitcoin's move above $76,000 triggered a wave of short closures. Ethereum followed a similar pattern.
The $197.75M figure covers both spot-margined and USDT-margined perpetual contracts across major venues.
The breakdown by exchange has not been confirmed from a primary source at this hour.
Short Squeeze Mechanics
Traders who bet against Bitcoin at lower prices faced margin calls as BTC rose. Each forced buy-back added upward price pressure. That pressure triggered further liquidations in a self-reinforcing loop.
Hyperliquid (HYPE) data visible in this hour's scan shows one whale address opened a $10M short on BRENTOIL at 20x leverage. That position is unrelated to the BTC and ETH squeeze but illustrates the scale of leveraged activity currently active across crypto derivatives markets.
Bitcoin moved from $66,072.5 to $69,200 over the last 30-day period, a gain of 4.7 percent.
Source: Kraken · NewsLayer Markets · Updated 几秒内
Context and Risk
Market Context
Bitcoin
BTC
$69,200
+7.70% (24H)
Market Cap
$1.39T
24H Volume
$42.7B
24H High
$70,002
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