🚨 $516M wiped out in the crypto market in 24 hours.
$412M of that? Shorts.
That’s not just volatility, that’s a full-blown short squeeze.
When positioning gets too crowded on one side, the market does what it always does… it punishes the majority.
This move wasn’t random. It was fuelled by forced buying.
Respect momentum.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 $516M wiped out in the crypto market in 24 hours.
$412M of that? Shorts.
That’s not just volatility, that’s a full-blown short squeeze.
When positioning gets too crowded on one side, the market does what it always does… it punishes the majority.
This move wasn’t random. It was fuelled by forced buying.
Respect momentum.