Record Short Liquidations: $837.8 Million Wiped Out in 24 Hours
In the past 24 hours, short positions worth approximately 837.8 million have been liquidated across crypto markets.
This marks the largest short position liquidation event since 2021, indicating an extremely powerful market move that caught bearish traders off guard.
Such massive liquidation events often signal significant momentum shifts and can further accelerate price movements as forced buying from liquidations creates additional upward pressure.
