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ETH and SOL surge triggers $281M short squeeze, forcing nearly 96,000 traders to liquidate positions.

Technical Signals
03 Jul 2026
Crypto Daily
View Source
Bullish
pluang ai news

Ethereum (ETH) and Solana (SOL) experienced a sharp price surge that triggered a massive short squeeze, liquidating about $281 million in short positions within 24 hours and forcing roughly 95,690 traders out. The squeeze was driven by heavy short positioning combined with rising spot demand, causing forced buying that rapidly pushed prices higher. ETH led the liquidations by notional size, while SOL showed higher volatility and percentage gains. Traders are advised to watch liquidation heatmaps, funding rates, and open interest to navigate future squeezes carefully and manage risk, as these moves can reverse quickly or signal trend changes.

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