Largest BTC Short Squeeze of $10 Million Scale Hits, Liquidation Price at $80,900

**Crypto Exchange CoinUp Launches Inaugural HorseCoin Event** On April 27, official sources confirmed that CoinUp has rolled out the first-ever "HorseCoin" event, with a limited-time total prize pool of 50,000 CP. The event runs from **April 25, 2026, 6:00 PM to May 25, 2026, 11:59 PM UTC+8**. To participate, users must register via the designated link. Event benefits include: - 100% fee waivers for trades on designated HorseCoin pairs; - Airdrop rewards tied to different HorseCoin deposit amounts; - Rewards calculated based on cumulative (buy + sell) trading volume. *Note: All times are in UTC+8.*

**April 27th Market Update** Market focus has shifted back to the risk of renewed geopolitical escalation. While a ceasefire is nominally still in effect, escalating clashes between Israel and Lebanon—plus Iran tightening its grip on the Strait of Hormuz—signal tensions have yet to truly ease. The crypto market is showing structural softness. Bitcoin (BTC) failed to extend its run toward recent highs, hitting consistent resistance above the 79K liquidity zone before rapidly pulling back below 78K. This signals a lack of buying support at higher levels, with price action still mostly driven by liquidation triggers. From the liquidation heatmap: the 80K–82K range above remains a clear resistance level and potential liquidation zone. The current pullback into the 77K–78K range lines up with a lower liquidity support zone. This drop is essentially a rebalancing move following the release of elevated liquidity, not a trend reversal. Overall, with geopolitical risks unresolved, BT

On April 27th, LookOnChain monitoring data indicates an APE insider trader has closed out a long position of 10.26 million LDO (roughly $4.58 million), incurring a loss of approximately $194,000.

April 27: Bithumb to list the PRL/KRW trading pair, per official sources; trading begins at 5:00 PM local time on Monday, April 27, 2026.

On April 27, after Bitcoin plummeted sharply below $78,000, Ethereum fell over 2.4% in nearly an hour—triggering a rapid wave of liquidations across the crypto market. Per Coinglass data, total liquidations hit nearly $70 million in roughly an hour, with long positions accounting for $68.32 million of the wiped-out value.

April 27th — Per HyperInsight monitoring (https://t.me/HyperInsight), Bitcoin (BTC) dropped nearly 2% in the short term. Over the past hour, several on-chain whales with long positions have sharply cut or closed out their positions and exited the market. The largest closer was address **0xcab59c7a92b8f7c4d5cde72bb7669ee7d75b6e6e**, which liquidated ~$14.4 million worth of Ethereum (ETH) long positions at $2,322, exiting at breakeven. Among BTC whales still holding large positions, the address **0xddfe0b953e0c88aaa8f01f769ffeb8c856e80f51** aggressively bought BTC at an average price of $79,000 earlier today. Its current position size is $5.47 million; as the market reversed quickly, this position now faces an unrealized loss of ~$90,000 (-32.6%), with a liquidation price of $74,947.