Liquidations Hit $63.5M in 24H, Shorts Lead at $38.4M

The liquidation skew toward shorts suggests a sharp upward move that forced bearish leverage to unwind, a signal of momentum that can feed on itself as forced buying adds fuel. This matters most for leveraged traders, but the broader read is that positioning was crowded on the downside, leaving the market vulnerable to squeezes. The key question is whether this reflects a genuine trend shift or a transient flush that resets the board; watching whether follow-through volume sustains above recent ranges will clarify the picture.