- •$80 million in short positions wiped out in one hour
- •Rapid market moves triggered mass liquidations
- •Bullish momentum may be driving short squeezes
Crypto Shorts See Massive $80M Liquidation in Just 60 Minutes
The crypto market witnessed a sharp move in the past hour, wiping out over $80 million worth of short positions. Liquidations on this scale often signal sudden volatility, surprising traders betting against the market.
Shorts are positions that profit when asset prices fall. However, when the market moves in the opposite direction—rising quickly—these positions are forcibly closed, causing a cascade of liquidations. That’s exactly what happened today.
Market Volatility Triggers Short Squeeze
The liquidation of $80 million in shorts within a single hour suggests a potential short squeeze. This occurs when rising prices force short sellers to cover their positions, further fueling upward momentum.
Although the exact trigger remains unclear, recent bullish sentiment in the broader market—possibly tied to macroeconomic factors or positive crypto developments—may have caught many traders off guard. The result was a rapid surge in prices, forcing leveraged short positions to close automatically.
What This Means for Crypto Traders
For traders, this is a critical reminder of the risks of using leverage in volatile markets. A single hour of price movement can lead to major liquidations, especially in a high-leverage environment common on platforms like Binance and Bybit.
As liquidation data continues to rise, market watchers are now eyeing whether this trend signals a larger bullish breakout—or if it was just a temporary squeeze. Either way, the pressure on short sellers is clearly mounting.