$613M liquidated in 24 hours as short squeeze hits crypto market
- —Shorts made up $556.96 million of the $613.35 million total, 9.9 times the long liquidations
- —BTC saw $355.84 million liquidated, 95% shorts; ETH $170.17 million, 88% shorts
- —SOL gained 7.22%, XRP 8.10%, ZEC 6.71% and HYPE 4.93% over 24 hours
- —Data covers the top 20 assets by liquidations, per CoinGlass
Why it matters: The short squeeze amplified gains across major tokens; a sustained hold above $84,000 could keep pressure on sellers.
Source: TokenPost