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Bitcoin Shorts Bear Bulk of $194 Million Liquidated Over 24 Hours

COINOTAG·October 2, 2026·1 min read
Bitcoin Shorts Bear Bulk of $194 Million Liquidated Over 24 Hours

Bitcoin shorts bore the brunt of $194 million in crypto liquidations over 24 hours, as a Galaxy study found 69.2% of Polymarket wallets are underwater. The liquidation wave hit leveraged short positions hardest, with Bitcoin leading the losses amid a sharp price move that caught bearish traders off guard.

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