$460 Million in Crypto Liquidations as Bitcoin, Ethereum Rebound Triggers Short Squeeze

Roughly $460.9 million in leveraged crypto positions were liquidated over the past 24 hours, as a modest rebound in majors led to a wave of forced closures—particularly among traders positioned for downside. Data aggregated from CoinGlass showed liquidations skewed toward shorts, pointing to a market that caught bearish positioning offside during the latest upswing in Bitcoin (BTC) and Ethereum (ETH).

In the 24-hour breakdown, short liquidations outweighed long liquidations, suggesting that the move higher carried a pronounced ‘short squeeze’ dynamic. The pattern typically emerges when…  Read more

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