Short positions suffer a short squeeze, over one billion USD in liquidation across the entire network within 1 hour

According to the latest data from Coinglass, the total liquidations across the entire network within the past hour have exceeded $101 million, with short positions liquidated amounting to $82.89 million, far surpassing the $18.19 million in long position liquidations. Among mainstream cryptocurrencies, BTC has the largest liquidation scale at $59.53 million, followed by ETH with $21.91 million.

Market data shows that current short holders are under greater pressure, with the proportion of short liquidations significantly higher than that of longs, reflecting a concentrated closing of short positions driven by market bearish sentiment.