Crypto Shorts Get Crushed as $190 Million Liquidation Wave Signals Sudden Market Reversal
Crypto markets experienced a sharp liquidation event over the past 24 hours, wiping out nearly $190 million in leveraged positions. Short sellers absorbed the majority of losses, with approximately $140 million in bearish bets erased as prices surged rapidly. The sudden move caught traders off-guard and forced a cascade of forced closures across major exchanges.
Shorts Bear the Brunt of the Rally
Data confirms that short positions accounted for nearly 74% of total liquidations. Traders positioned for downside faced rapid margin calls as prices accelerated upward. This imbalance highlights how crowded bearish positioning amplified the rally once price action moved against expectations. Liquidation heatmaps reveal that Bitcoin and Ethereum…
