A wave of short liquidations swept crypto markets over the past 60 minutes, with $150 million in short positions forcibly closed across the board. The scale of the flush points to a sharp upside move catching leveraged bears offside — a pattern that tends to accelerate price action as liquidation cascades push prices higher, triggering further stops.
Mass short squeezes of this size are often self-reinforcing in the short term: as positions are liquidated, the resulting buy pressure adds fuel to the rally. Whether this marks a sustained shift in market structure or a brief squeeze-and-fade remains to be seen, but the signal is clear — the bears just took a significant hit.
WatcherGuru