TL;DR:

On the morning of Friday, Sept. 4, 2026, the cryptocurrency market shifted into aggressive growth, triggering one of the largest short squeezes in recent days. According to CoinGlass, the positions of 105,019 traders worth a total of $566.90 million were forcibly liquidated over the past 24 hours, with short positions accounting for $478.91 million. The total cryptocurrency market capitalization stood at $2.711 trillion, or approximately $2.82 trillion including derivatives.

Macroeconomic developments triggered the trend reversal after Federal Reserve Governor Christopher Waller acknowledged signs of disinflation and supported keeping interest rates unchanged at the Sept. 15–16 meeting. This eased risks coming from Asia, where…