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Ether jumps 8.3% as $255M in short positions liquidate, sparking a major crypto short squeeze

Market News
11 Sep 2026
Crypto Briefing
View Source
Bullish
Ether jumps 8.3% as $255M in short positions liquidate, sparking a major crypto short squeeze

Ether surged 8.3% to over $2,600 on September 11 after more than $255 million in short positions were liquidated within 24 hours, with $188 million wiped out in just one hour. This massive short squeeze was triggered by hotter-than-expected US inflation data, forcing bearish traders to cover losses and driving prices sharply higher. Bitcoin also saw $172 million in short liquidations but gained less than 4%. The event highlights how macroeconomic data can rapidly shift crypto market positioning and trigger leveraged liquidations, especially for Ether, which showed more aggressive bearish bets ahead of the data release.

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