Crypto Liquidations Hit $176 Million as Short Squeeze Meets Volatility Spike

Leveraged crypto traders suffered a fresh wave of forced liquidations over the past day, with roughly $176.15 million in positions wiped out as prices held firm or pushed higher across Bitcoin (BTC) and several major altcoins. The split leaned slightly toward downside bets being punished: short liquidations totaled about $93.5 million (53.1%), while long liquidations came in at roughly $82.65 million (46.9%).

The data, compiled from ticker-level aggregates, points to a market still prone to sharp intraday swings even as the broader tone remains constructive. In practical terms, a modest…  Read more

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