$27 Million Crypto Liquidations Hit Shorts as Market Squeeze Signals Rebound

Roughly $27.3 million in leveraged crypto derivatives positions were liquidated over the past 24 hours, with short sellers taking the bulk of the damage—an outcome that typically signals a sharp intraday rebound or a fast squeeze higher across key markets. Data compiled from CoinGlass shows short liquidations totaled about $16.94 million, accounting for 62.06% of the overall wipeout, while long liquidations came in at approximately $10.36 million (37.94%).