Damn, I just looked at the data, and in the past 24 hours, it’s exploded again to nearly 300 million dollars, with over 100k people gone.

In the short term, there was a sharp drop first, wiping out all the long positions—1-hour and 4-hour charts show all long orders exploding. You think that’s it? No.

Looking at a daily timeframe, the shorts were hit even harder, with over 200 million long positions directly evaporating, while longs only totaled over 100k. A drop followed by a rally, a classic script: those chasing longs die first, those chasing shorts die even worse.

The main battlefield is still Bitcoin, which exploded to 129 million in one night, Ethereum over 40 million, and some others like ZEC, RAVE, TAO, ARIA also got caught in the crossfire.

The most outrageous part is those few BTC short positions on Hyperliquid, each over 20 million USD, all precisely targeted. This isn’t liquidation; it’s targeted elimination.