short liquidation

CDCROP: Liquidity Pool (Unsplash)
Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors' Gains
Crypto market capitalization has increased about 3.5% in the past 24 hours.
CDCROP: Liquidity Pool (Unsplash)

squeezed stress ball
Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering
Altcoins such as solana and lido have gained more than 20% as investors betting on a decline have covered their positions, a report from the brokerage firm said.
squeezed stress ball

CoinDesk - Unknown
Bitcoin Posts Biggest Daily Gain in 6 Months
Bitcoin (BTC) posts its biggest daily gain in six months as traditional market investors shrug off U.S. Federal Reserve Chair Jerome Powell’s pro-liquidity tightening stance. The rapid price movement triggered over $103 million worth of BTC short liquidations on crypto exchanges Thursday due to margin calls, according to CoinGlass data.
CoinDesk - Unknown