Key Highlights
- Shorts accounted for 57.5% of 24-hour liquidations, marking the first short-led liquidation split since the May 12 selloff began.
- Bitcoin climbed back above $77,000 as total crypto market cap recovered to $2.57 trillion, though ETF outflows remained negative.
- Crypto stocks turned green, led by miners, while XRP and SOL ETFs continued to attract positive inflows despite BTC and ETH outflows.
The most telling signal on May 20 wasn’t the price — it was the liquidation split. For the first time since the selloff began on May 12, CoinGlass showed shorts accounting for 57.5% of all liquidations versus 42.5% from longs. That inversion from Monday’s 88% long-biased $814M flush to Wednesday’s short-led…
