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A sharp short-term impulse has led to a significant imbalance in Bitcoin’s liquidation structure over the past hour. While traditional markets try to digest news from the Middle East, Bitcoin tested the $72,530 level, triggering a cascade of short-position liquidations.
According to data from CoinGlass, over the past hour exchanges recorded an abnormal gap between forced closures. Short liquidations totaled $16.29 million in Bitcoin, while long liquidations were $150,600.
As a result, bear liquidations exceeded bull losses by 108 times, or 10,860%.
The key trigger was a price spike of just over 1% within an hour. The move was driven by a high concentration of stop orders around the $72,000 level. The derivatives market swept liquidity above those levels and temporarily exhausted supply.
Bitcoin’s move coincided with a further escalation in global tensions and the start of a blockade, which also pushed Brent crude oil prices above $100. Unlike previous crises—when digital assets declined alongside equities—Bitcoin is now showing partial correlation with safe-haven assets.
Investors are using Bitcoin as a tool for rapid risk hedging amid global uncertainty, particularly around energy supply.

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