$126M in Crypto Shorts Liquidated in 24 Hours
Over $126 million in crypto short positions were liquidated in a single day, signaling strong bullish momentum across the market.
- $126M in short positions liquidated in 24 hours
- Strong bullish momentum drives market surge
- Traders caught off guard by sudden price spikes
Market Turns Bullish as Shorts Get Wiped Out
In the past 24 hours, the crypto market saw over $126 million in short positions liquidated, highlighting a massive surge in bullish momentum. These liquidations occurred as major cryptocurrencies like Bitcoin and Ethereum rallied, catching bearish traders off guard.
Short liquidations happen when traders betting on a price drop are forced to buy back assets to cover their losses. This often adds more fuel to upward price movements—creating what’s known as a short squeeze.
The magnitude of these liquidations points to unexpected price strength, possibly triggered by macroeconomic news, institutional buying, or positive developments in crypto regulation or ETFs.
What’s Fueling the Liquidation Wave?
Several factors could be behind this sudden wave of liquidations:
- Bitcoin and Ethereum both surged, breaking through key resistance levels
- Altcoins followed the trend, seeing double-digit gains across the board
- Improved market sentiment, driven by ETF optimism and macroeconomic stability
As prices rose quickly, leveraged traders betting against the rally were squeezed out, contributing to a feedback loop of rising prices and forced buy-ins.
This $126M liquidation figure is one of the highest in recent weeks and may signal a shift in market sentiment from bearish to bullish.
What This Means for Traders
Such large-scale liquidations often mark turning points or strong continuation trends in the market. For bulls, it confirms growing confidence. For bears, it’s a reminder of the risks associated with high-leverage trading.
As always, risk management is key—especially in volatile conditions. The market may remain unpredictable, but events like these show that crypto can flip the script at any moment.
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- $126M in Crypto Shorts Liquidated in 24 Hours
