The crypto market is gaining momentum again
Mon Sep 29 2025 ▪ 3 min read
Some crypto assets are regaining color after a wave of liquidations on short positions. A technical dynamic that brings momentum back to the market, during a transition phase. All the details in the paragraphs that follow!
In summary
Short liquidations have triggered an immediate rebound in several major altcoins.
A sector rotation towards narrative altcoins could follow this technical recovery of the crypto market.
Solana, Dogecoin, XRP… Altcoins are treating themselves to an express rebound
Last weekend marked a turning point for the crypto market. Several major altcoins are showing a net progress of between 3% to 4% in one day. Among them, we find:
Solana (SOL);
Dogecoin (DOGE);
XRP.
According to crypto analysts, this rebound occurs after a series of forced liquidations of short positions valued at $260 million. The total amounts to $345 million in 24 hours according to CoinGlass.
Behind this rise, a phenomenon well known to traders: short covering. When the crypto market turns bullish, short sellers find themselves cornered. To limit losses, they urgently buy back their positions. Result: buying pressure intensifies and prices rise faster than expected.
This phenomenon mainly affected bitcoin, but the spillover effect also benefited altcoins. In a few hours, several crypto assets regained more encouraging levels, wiping out part of the recent losses. Ethereum, Cardano, and XRP followed the trend. This reinforces the overall dynamic.