Crypto sees a strong short squeeze as short sellers are overwhelmingly flushed out over the past 24 hours.

📌 The crypto market just went through a volatile session, with total 24h liquidations reaching $387.67 million and more than 100,000 traders affected. The key point is that Short liquidations hit $314.02 million, accounting for around 81% of the total, while Long liquidations stood at only $73.64 million.
🔎 $BTC remained the main driver, with $164.67 million liquidated, representing more than 40% of the whole market. This shows that the latest move mainly forced short positions to close, while reinforcing $BTC’s role in shaping broader market sentiment.
💡 $ETH followed with $52.38 million, while $ZEC stood out with an unusually large $46.24 million in liquidations. That figure is much larger than what is normally seen across most altcoins, suggesting short-term capital is rotating strongly into privacy coins, but it also means volatility risk is higher.
⏱️ The time breakdown shows that the heaviest liquidation pressure was concentrated in the past 12 hours, with $208.44 million rekt, while the 4h figure dropped to $40.52 million and the 1h figure fell to just $4.18 million. This suggests the main squeeze has already happened, while current pressure is starting to cool down.
⚠️ Overall, the short-term signal remains constructive because Shorts were flushed out aggressively, but after a large position squeeze, the market can easily see fast pullbacks or profit-taking. At this stage, it is better to watch how $BTC reacts around the current price zone instead of chasing moves that have already extended.