{"id":222361,"date":"2026-09-03T15:04:19","date_gmt":"2026-09-03T15:04:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=222361"},"modified":"2026-09-03T15:04:19","modified_gmt":"2026-09-03T15:04:19","slug":"over-140m-in-shorts-wrecked-in-an-hour-as-btc-eth-xrp-suddenly-explode","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=222361","title":{"rendered":"Over $140M in Shorts Wrecked in an Hour as BTC, ETH, XRP Suddenly Explode"},"content":{"rendered":"

After a few days of suppressed price action, the crypto market is on the move again, with bitcoin leading the pack with a surge past $80,000 for the first time in a week.<\/p>\n

Most altcoins followed the sharp uptick, leading to more than $140 million in shorts getting wrecked in the past hours alone.<\/p>\n

<\/a>BTCUSD September 3. Source: TradingView<\/p>\n

It was just 24 hours ago that the primary cryptocurrency struggled to hold the $77,000 support and dipped to a 10-day low of $76,200 amid the escalating tension in the Middle East.<\/p>\n

However, the asset rebounded<\/a> successfully in the following hours, as reported earlier today, and quickly reclaimed the $77,000 and $78,000 levels. The past hours or so have been even more impressive, as bitcoin just soared past $80,000 for the first time since last Friday, when it was rejected and driven south to $77,000 after Kevin Warsh\u2019s hawkish speech<\/a> at Jackson Hole.<\/p>\n

Many altcoins have joined the ride, posting notable 1-hour and 24-hour gains. ETH is up to almost $2,500 as of now after a 2.6% surge in the past 60 minutes and a 4.4% pump since this time yesterday. BNB has rocketed past $720, while XRP has gained 9% on a daily scale (and 4.3% in the past hour alone).<\/p>\n

This price volatility has harmed overleveraged traders. Data from CoinGlass shows that the hourly wrecked positions have risen to $157 million, with more than $142 million coming from shorts. On a daily scale, the total liquidations are over $400 million, and shorts are responsible for $315 million.<\/p>\n

Nearly 110,000 traders have been wiped out in the past day, with the single-largest liquidation occurring on Binance, totaling more than $5.2 million.<\/p>\n

<\/a>Liquidation Data on CoinGlass<\/p>\n

\u00a0<\/p>\n

The post Over $140M in Shorts Wrecked in an Hour as BTC, ETH, XRP Suddenly Explode<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After a few days of suppressed price action, the crypto market is on the move again, with bitcoin leading the pack with a surge past $80,000 for the first time in a week. Most altcoins followed the sharp uptick, leading to more than $140 million in shorts getting wrecked in the past hours alone. BTCUSD […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-222361","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/222361"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=222361"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/222361\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=222361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=222361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=222361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}