Short Squeeze Triggers $400M Liquidations, Three-Month High

Short-position liquidations in the cryptocurrency market surged to $322 million over 24 hours, the highest level since Black Friday on October 10, triggering a broad rally across major digital assets. The data underscores a dramatic shift in market sentiment as traders who had bet against prices were caught off guard by the sudden surge. ETF Inflows Fuel Institutional Momentum According to Coinglass data as of 2:00 am UTC on Tuesday, short liquidations accounted for 77. 67% of total liquidations, which reached $414 source: https://beincrypto.com/short-squeeze-400m-liquidations-three-month-high/