2026-01-06 00:21:53

The recent days in the crypto market can be described as "bizarre." Just a few days into 2026, the entire network's liquidation data has been breaking one record after another.

According to market data, as of the early morning of January 6th, the total liquidation volume across the entire network within just 24 hours reached $20.1 million. Interestingly, short positions were liquidated for $15.44 million, accounting for over 76%. Meanwhile, the BTC price hovered around $91,371, up 0.81% from the previous day. Although this seems like a modest increase, it has sparked chaos in the leverage market.

Looking back at the liquidation records since January, several key moments are worth noting:

On January 1st, BTC dropped from 89,000 to 87,000, directly triggering a liquidation wave of $228 million across the network, with over 162,000 traders wiped out in a single downturn. Long positions were liquidated for $157 million, and shorts also suffered, with $71 million liquidated. On the Hyperliquid platform, a single liquidation of BTC-USD contracts once surged to $5.85 million, illustrating the chaos in the market at that time.

By January 3rd, after BTC surged to 90,500 and then turned downward, more than 110,000 traders were liquidated within 24 hours, mainly due to short positions being wiped out during the rebound.

On January 5th, BTC rebounded past the 91,000 mark, triggering another round of concentrated liquidations—$42.63 million in total within 24 hours, with $34.61 million from short positions, accounting for over 81%.

These data points reveal several characteristics. First, the market movement is highly driven: the decline in early January was a nightmare for longs, while the subsequent rebound became a noose for shorts. Second, large liquidation cases are frequent, especially on derivative platforms like Hyperliquid, where single liquidations often reach the million-dollar level. Lastly, the risk caused by concentrated leverage is evident—during high volatility, a single move can trigger chain reactions, with shorts suffering particularly heavy losses during rebounds.

This market trend serves as a reminder: in such a market with frequent short-term fluctuations and uncertain directions, heavy leverage is truly playing with fire.

BTC1,36%

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CounterIndicator

· 01-08 22:57

Damn, it's another feast of chopping the leeks, both bulls and bears are dizzy from the roller coaster. Shorts exploded by 76 points? That's incredible. This rebound directly pressed the bears to the ground. The 2.28 billion in that wave on the 1st was wiped out with 160,000 people. I thought I saw the numbers wrong. Leverage traders should start reflecting now, but I still bet five bucks that the next market move is coming, and I'll go all-in as usual. A 0.81% increase can wipe out so many margin calls, indicating how many are betting on the second half of the sentence. The most outrageous was that single margin call of over 5 million. Man, what kind of heart do you need to dare pile up like that? Nonsense. This is the daily routine in the crypto world. Volatility is just the sound of money moving. Those still daring to use leverage are either gamblers or just plain clueless. We're just here to watch the show. The bears have really had a tough few days, being tossed around by the rebound.

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BlockchainGriller

· 01-06 20:41

The wave of liquidations is so intense, it's really frightening. The group of people playing with leverage still haven't learned their lesson. The shorts got hit the hardest, serves them right haha. A single trade of 5.85 million directly liquidated, oh my god, who can withstand that? Rather than studying the market trends, it's better to study how to survive and exit. Rebound to kill the shorts, decline to crush the longs, this market is really eating people. To those heavily leveraged, take care.

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MetaNomad

· 01-06 00:51

The data speaks for itself. This round of liquidation was really ruthless; the bears in January are truly exhausted and have no more temper. Wait, why are these people still playing with leverage? Can't you see this is a meat grinder? A single liquidation of 5.85 million? How brave do you have to be to go all-in like that? I really can't understand. The market is so bizarre—bouncing back to short the bears, dropping to crush long positions. It seems like no one can survive, right? Playing with heavy leverage in such a market, people are really turning into "humans." Another blood-soaked cycle. Just looking at the data makes me feel for them—160,000 people out of the game, just like that.

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HorizonHunter

· 01-06 00:36

It's only been a few days, and it's either bloodbaths or liquidations. It hurts to watch. 160,000 people wiped out in one wave? How strong must the leverage traders' mentality be? The shorts have truly been destroyed this time. The rebound is like a gallows—absolutely spot on. It's just chasing highs and selling lows; in the end, everyone gets caught in the crossfire. I'm so scared I quickly reduced my leverage. This market is too bizarre. Hyperliquid's liquidation of 5.85 million, I had to refresh three times to see the number clearly. Actually, I just couldn't hold back. As soon as I saw the rebound, I wanted to buy the dip, and then... uh. This wave really proved a truth: leverage traders are all fractions. With such frequent short-term fluctuations, only true warriors dare to hold heavy positions. Looking at those liquidation data, I suddenly woke up—playing with fire really can burn you.

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MetaverseLandlord

· 01-06 00:22

Oh my mom, another round of slaughter, it makes me feel heartbroken for others. Playing with leverage is just gambling. How many people will be liquidated in this bloodbath again? The short positions were hit really hard this time; as soon as a rebound comes, it's total annihilation. I told you, this market is just a meat grinder. Without some resolve, you really can't play. A single liquidation of 5.85 million, how big must the heart be? The most terrifying thing is this bizarre market condition; it's completely unpredictable. Leverage, really playing with fire and self-immolation. The shorts are really suffering; this rebound has completely harvested them. A 0.81% increase can trigger 20 million in liquidations, it's outrageous. Short-term volatility is the easiest to trap into; you still need to stay steady. Looking at this data, it’s frightening; every day is a liquidation drama.

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