According to @rovercrc, approximately $30,000,000 worth of Bitcoin (BTC) short positions were liquidated over the last 60 minutes. Source: @rovercrc on X, 2025-08-11, https://twitter.com/rovercrc/status/1954746326509396004 Short liquidations are executed as market buy orders on major futures venues, which can add upward price pressure when they cluster in a short window. Source: Binance Futures liquidation mechanics documentation After large liquidation spikes, traders commonly track funding rates and open interest to assess positioning and the likelihood of continued squeeze dynamics. Source: Binance Academy overview of funding rates; CME Group education on open interest