Crypto bears get squeezed as $113 million in shorts liquidated in 24 hours

Key Summary

Crypto bears faced a significant squeeze over the weekend, with $113 million in short positions liquidated in 24 hours, according to Coinglass data. This figure comprised approximately 81% of total liquidations, which also included $25.16 million in long positions. Bitcoin led the liquidations, accounting for $57.07 million, roughly half of all shorts closed during the period. Ethereum came in second, with $24.04 million in short positions erased. A total of 42,225 traders were liquidated across venues tracked by Coinglass, with the largest single casualty being a $5.63 million ETHUSDT short on Binance. This weekend's liquidations mirror a similar episode in July 2026, tied to upward price moves catching bears off guard.