Yeah, that is wild! 😲 A $1.1 billion short liquidation in just 24 hours usually means there's been a massive market move upward, catching a ton of short sellers off guard.

Here’s a quick breakdown of what that means:

Shorts getting liquidated = traders betting the price would go down, but instead it went up, and their positions were forcibly closed because they couldn't cover the losses.

Liquidation scale = $1.1B is a huge signal of bullish momentum — likely driven by big news, spot ETF inflows, or coordinated buying.

Market impact = Liquidations add fuel to the fire — as shorts close, they buy back into the market, pushing prices even higher (short squeeze effect).

Want to dive into what asset this was (Bitcoinbi$BTC , Ethereum$ETH , etc.) or what might’ve triggered the rally? I can look it up in real-time if you'd like.