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$404M crypto liquidations hit as Bitcoin and Ethereum gains trigger a short squeeze

Market News
21 Jun 2026
Tokenpost
View Source
Neutral
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Nearly $404 million in leveraged crypto positions were liquidated in 24 hours, mostly from short sellers as Bitcoin and Ethereum prices rose modestly. About 72% of liquidations were shorts, indicating a short squeeze that forced bearish traders out. Bitcoin led with $94,608 price and $112 million in liquidations, followed by Ethereum with $36.86 million. Several altcoins like Solana and Sui also saw significant short liquidations despite minor price changes, showing leverage unwinding rather than strong spot demand as the main driver. This reset in positioning may lead to volatile, choppy trading as traders adjust.

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