- $250M in shorts liquidated in just 4 hours
- Rapid market rally triggered liquidation cascade
- Ethereum and Bitcoin led the short squeeze
Market Surge Triggers $250M in Short Liquidations
In the last four hours, the crypto market witnessed a dramatic shakeup as over $250 million worth of short positions were liquidated. The liquidations occurred rapidly, reflecting sudden bullish momentum across major cryptocurrencies including Bitcoin and Ethereum .
Liquidation data shows this massive wipeout was triggered by a swift price surge, forcing heavily shorted traders to exit their positions at a loss. Events like these often act as fuel for upward market moves, as forced buybacks accelerate gains.
Ethereum and Bitcoin Shorts Hit Hard
Leading the liquidation wave were Ethereum ($ ETH ) and Bitcoin ($ BTC ), which accounted for a significant portion of the total $250 million. Traders betting on a market dip were caught off guard as both coins broke through resistance levels.
This kind of short squeeze typically signals strong buying activity, combined with low liquidity on the sell side — creating ideal conditions for rapid price increases and liquidation cascades. With so many positions forcefully closed, bullish momentum can intensify further in the short term.
Volatility on the Rise
The spike in liquidations is yet another reminder of how quickly the crypto market can turn. Just hours before, bearish sentiment was dominating, but the tide has shifted with a powerful price recovery.
Traders are now closely watching whether this momentum can sustain or if it will reverse as quickly as it began. Either way, the past 4 hours have clearly shown the risks of leverage and the volatility that continues to define the crypto landscape.
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