$150M in crypto short positions wiped out in a single hour!

A wave of forced short liquidations swept through crypto markets in the past 60 minutes, erasing $150 million in bearish positions. The scale and speed of the move suggests a sharp upward price spike caught overleveraged traders offside — a classic short squeeze dynamic.

Mass liquidations of this size tend to amplify the move that triggered them: as shorts are closed by force, buy pressure compounds, pushing prices higher still. Watch for follow-through or a quick mean-reversion once the liquidation cascade exhausts itself.