More than $162.95 million in leveraged crypto positions were wiped out over the past 24 hours, with forced closures skewing heavily toward bearish wagers. The liquidation burst—dominated by short positions—suggests that a modest uptick in major tokens was enough to trigger a broad ‘short squeeze’ across top-traded markets.
According to CoinGlass data timestamped at 11:00 UTC on Aug. 6 (8:00 p.m. KST), liquidations across the top 20 tracked instruments totaled $162.95 million. Shorts accounted for $111.02 million, or 68.13% of the total, while longs made up $51.93 million—meaning short… Read more
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