According to @lookonchain, whale address 0x218A is sitting on over USD 6.37M in unrealized losses from 10x leveraged BTC and ETH short positions (source: @lookonchain, Jan 14, 2026; hypurrscan.io/address/0x218A65E21EDDeeCE7A9Df38C6bBdd89F692B7Da2). According to @lookonchain, to avoid liquidation the wallet deposited USD 4.8M USDC into Hyperliquid (source: @lookonchain).

According to @cas_abbe, roughly $100M in short positions were liquidated, triggering forced buying that is propelling a price pump as bears are squeezed, pointing to an ongoing short-squeeze dynamic. source: @cas_abbe on X, Jan 2, 2026 This implies volatility has returned to crypto derivatives markets, elevating liquidation risk for leveraged short sellers and favoring momentum-driven moves in the near term. source: @cas_abbe on X, Jan 2, 2026

According to The Kobeissi Letter, Bitcoin (BTC) surged above $93,000. The Kobeissi Letter reports that more than $130 million in leveraged short positions were liquidated within 60 minutes during the move. According to The Kobeissi Letter, the price jump and liquidations were reported simultaneously.