$274M Wiped in 24H: Shorts Hit Hardest

According to Coinglass, the crypto market saw $274M in total liquidations over the last 24 hours — and 78% of that came from short positions.

With $216M in shorts and $58M in longs liquidated, the data suggests a sharp upward move that caught bears off guard.

Events like this often reflect low conviction or sudden volatility, with leverage amplifying the impact.

Whether it’s a short squeeze or a trend reversal, one thing’s clear: managing risk is more important than ever in uncertain markets.

Insight: Watch for follow-up moves after liquidation-heavy sessions — they often reveal sentiment shifts.

#CryptoLiquidation #MarketVolatility #BTC #Write2Earn #CoinglassData

Short positions took a $216M hit in the latest $274M crypto market liquidation event.