Epic Kill! $ORDI Single-day surge of 125%, $2.5 million short positions collectively liquidated

On April 16, 2026, Bitcoin inscription leader ORDI made a violent rally recorded in crypto history: a 125.8% surge in 24 hours, rising from a bottom of $2.718 directly to $6.3, with a total increase of over 150% in 7 days, and trading volume surpassing 74 million USDT.

This is not an ordinary rebound; it is a precise hunt targeting short sellers.

The current market rally is driven by a four-layer narrative resonance: on May 15, the BRC-20 ecosystem event approaches, boosting sector sentiment; Bitcoin stabilizes above $75,000, with funds rotating en masse into the inscription track; SATS and RATS rise simultaneously, confirming new capital inflows. The real explosive engine is extreme short squeezing.

Data on longs and shorts is shocking: 348 short positions holding 6.81 million USDT, with an average opening price of only $3.86, and a single-day unrealized loss doubling to $2.5M; on the other side, 787 long positions with unrealized profits soaring to $987k, with an 86% profit ratio. Short positions are few but concentrated, and every price increase triggers a chain of forced liquidations. Positions being liquidated become fuel to push prices higher, creating a vicious cycle of rising strength.

Currently, ORDI's technical outlook is fully bullish, but resistance at $6.3 is evident, and the short-term overbought level has reached a historic extreme.

⚠️ Ultimate risk warning: this rally relies entirely on short sellers "bleeding out," with 6.81 million USDT in short positions serving as the last fuel for the bulls. Once these shorts collectively cut losses and exit, the price will instantly lose support, leading to a sharp pullback. The power of short squeezing is immense; the backlash is equally strong. When shorts drain their last drop of blood, the next to be liquidated will be the traders chasing the high.
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