At 4:45 AM Friday, Over $100 Million in BitCoin "Short Positions" Got Liquidated in an Hour!

According to Coinglass, from about 3:45 AM EST until about 4:45 AM east coast time this morning, A TOTAL OF $100 MILLION IN BTC SHORT POSITIONS WERE LIQUIDATED ACROSS VARIOUS EXCHANGES. 

To many people, I am told this looks like a classic squeeze setup! Short liquidations often trigger cascading buys as positions get force-closed, creating a domino effect. Watch for potential price whiplash though - these events can reverse just as quickly as they start.

The amount of "Rekt" trades skyrocketed as seen in the listing screenshot below:

"Rekt" is a slang term used in cryptocurrency to describe a significant financial loss. It's often used humorously, but it can also be a reminder of the risks of trading. 

How is "rekt" used in crypto?

A trader might be "rekt" if they lose money due to a bad market call or an unexpected price change 

A trader might be "rekt" if they invest in a cryptocurrency that loses value 

A trader might be "rekt" if they're caught up in FOMO and lose money in a pump and dump 

Where does "rekt" come from?

"Rekt" is a phonetic spelling of the word "wrecked" 

The term originated in the online gaming community, where it means to "lose badly" 

Why is "rekt" important?

Understanding the term "rekt" can help investors learn from their mistakes and develop better risk management strategies 

"Rekt" is part of trading culture and serves as a cautionary tale about the risks of trading, especially in volatile markets like cryptocurrencies.

I am told that this is a sudden and very unwelcome financial sign.  I am also told that while this is taking place in crypto, something on this scale may have mirror-type fallout in regular financial markets today.

Markets move fast, $100M in short liquidations within an hour signals intense volatility. Is this just a squeeze or a larger trend shift?

I have ZERO knowledge of Crypto markets or how they operate.  I am NOT a licensed financial expert.   You should consult with a licensed financial expert before making any financial or investment decisions.