- The sudden liquidation event was triggered by Bitcoin climbing back above the 78,000 dollar mark following a midweek dip to 75,500 dollars
- Market volatility increased significantly after the Senate cleared the Clarity Act yield hurdle which removed a major roadblock for crypto market structure legislation
- Trading data shows that the majority of liquidations occurred on major exchanges like Binance and OKX as short sellers were caught off guard by the rapid price recovery
- Analysts suggest the short squeeze was amplified by MicroStrategy pausing its Bitcoin purchases ahead of its Q1 2026 earnings report creating a temporary supply-demand imbalance
Massive crypto short liquidations hit 150 million dollars as Bitcoin surges past 78,000 dollars
May 4, 2026, 2:54:13 AM UTC(7 hours ago)
Impact: Medium
Affected Assets
Sources
From:@WatcherGuru
JUST IN: $150,000,000 worth of crypto shorts liquidated in the past 60 minutes.
