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Crypto Carnage: Bears Get Rekt with $400M Liquidations—Biggest Bloodbath Since May as BTC, ETH, SOL Surge
Crypto Carnage: Bears Get Rekt with $400M Liquidations—Biggest Bloodbath Since May as BTC, ETH, SOL Surge
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Crypto shorts just got steamrolled. A violent upside squeeze vaporized $400M from bearish positions—the largest liquidation event since May—as Bitcoin, Ethereum, and Solana spiked.
When the market turns, it turns fast. Leveraged traders betting against crypto got caught in a classic 'short squeeze,' where rising prices force cascading buybacks. The result? A $400M graveyard of liquidated positions.
Bitcoin led the charge, punching through resistance levels. Ethereum and Solana followed—because when BTC moves, altcoins don’t ask questions; they ride the wave or get left behind.
Funny how the 'smart money' keeps underestimating crypto’s ability to rally when liquidity’s sloshing around. Maybe Wall Street should stick to overpriced SPACs.
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