Crypto Short Squeeze Just Got Serious



Bitcoin, Ether and Solana are pushing higher as another wave of short positions gets liquidated.

Around $1 billion in shorts were wiped out over the latest 24-hour period, while Thursday saw roughly $3 billion in short liquidations the largest single-day figure reported since 2021.

That puts the two-day short-liquidation total at more than $4 billion.

This is more than just a price move.

When traders heavily bet on downside and the market moves sharply higher, those short positions can be forced to close. That buying pressure can add further momentum to the move.

It’s a classic short squeeze and a reminder that crowded positioning can make crypto moves much more aggressive.

The bigger question now is whether this momentum can hold once the forced liquidations fade.

Fast moves create attention. Sustained moves need real demand.
#BTCBreaks75000 #GateLaunchesJapaneseStockTrading $BTC
BTC10.03%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
30 views
  • Reward
  • 3
  • 1
  • Share
Comment
Add a comment
Add a comment
MoneyMemory
· 2h ago
$400 million can disappear just like that in this market. Chasing highs is likely to get you burned, so let’s see whether the pullback can hold.
Reply0
StopLossHunter
· 2h ago
Shorts really got rekt this time😂
Reply0
ColdStoragePuritan
· 2h ago
This short squeeze has been brutal, with $4 billion liquidated in two days, showing that shorts were previously way too crowded. But the question is whether there will be real demand after the forced-liquidation buying ends; if sentiment alone can’t support it, the higher it rises, the harder it will fall.
Reply0
  • Pinned