According to Crypto Rover, a significant wave of short liquidations is currently driving Bitcoin’s price momentum, suggesting strong upward pressure towards the $100,000 mark (source: Crypto Rover on Twitter, May 8, 2025). This liquidation event indicates that bearish traders are being forced to exit their positions, often triggering rapid price increases. For traders, monitoring open interest and liquidation data is essential to anticipate further volatility and potential entry points as Bitcoin approaches major psychological resistance. The current trend underscores increased bullish sentiment and could impact altcoin performance as capital flows into Bitcoin.

According to Lookonchain, $45.73 million was liquidated on ALPACA, with one trader alone facing a $3.98 million liquidation, as reported by Coinglass on April 30, 2025 (source: Lookonchain via Twitter; Coinglass.com/LiquidationData). This spike in liquidation volume highlights significant volatility and potential forced sell pressure in the ALPACA market. Traders should closely monitor ALPACA price action and liquidity levels, as such major liquidations often precede rapid price swings and increased short-term trading opportunities.

According to CrypNuevo, recent liquidation data provided a successful long trade from $93.3k to $99k. Current analysis of liquidation levels shows an equal potential for downside and upside movements, although there may be more potential upward due to the current lower timeframe (LTF) downtrend. Key price levels to watch are $94.7k and $92.5k, as they could signal major trading opportunities.

According to Crypto Rover, Bybit has become the first cryptocurrency exchange to make all liquidation data fully public, marking a significant step towards greater market transparency. This move is expected to provide traders with valuable insights into market conditions and enhance decision-making processes by allowing them to better understand the impact of liquidations on price movements.