$113M in short liquidations in 24 hours, over 4x longs
- —Short liquidations of $113M exceeded long liquidations of $25.16M by 4.5x
- —BTC shorts accounted for $57.07M, ETH shorts for $24.04M
- —Largest single liquidation: a $5.63M ETHUSDT short on Binance
- —42,225 traders were liquidated over the 24-hour period
Why it matters: A short squeeze of this scale signals a sharp price move higher and can fuel further upside via forced buying.
Source: TokenPost