The recent fluctuations in Bitcoin's price have sparked an unusual event, leading to simultaneous liquidations for both long and short positions. This rare occurrence has resulted in traders on both sides of the market being adversely affected by the rapid and unpredictable movements in Bitcoin's value, highlighting the extreme volatility that can occur in the cryptocurrency market. As a result, many investors found themselves in challenging situations where their positions were forcibly closed due to significant price swings, emphasizing the risks associated with trading in this highly speculative environment.
source: https://www.coindesk.com/markets/2026/01/22/bitcoin-swings-trigger-rare-split-liquidation-as-longs-and-shorts-both-get-hit