A major spike in Bitcoin liquidations caught market attention—over $150 million in positions got wiped out within just 4 hours on a leading exchange. The sudden price movement triggered a cascade of forced closures, hitting both long and short traders hard. Whether this reflects natural market volatility or coordinated trading activity remains the question. Data shows concentrated selling pressure during specific windows, raising discussions about order flow patterns and market structure. Traders are paying close attention to how these liquidation cascades develop and what signals precede the next wave. Such events highlight the fragility of leveraged positions when volatility spikes.