Bitcoins surge toward $70,000 triggered nearly $2.7 billion in short liquidations within 24 hours, marking the largest forced closure of bearish crypto positions in CoinGlass records dating back to 2021. Total crypto liquidations approached $3 billion across 172,108 traders. Short positions represented roughly 92% of the losses, while long liquidations totaled about $257 million. That put the short-to-long liquidation ratio at more than 10 to 1, highlighting the intensity of the Bitcoin short squeeze. The scale even surpassed short liquidations recorded during cryptos historic Oct. 10, 2025…
Source:: Bitcoin Short Squeeze Wipes Out Record $2.7B as BTC Nears $70K