October 5th 2026, 4:10 AM
Crypto Bears Face Crushing Pressure
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.
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Liquidation of Crypto Shorts Highlights Volatility and Risk
The liquidation of $113 million in crypto shorts in 24 hours underscores the volatile nature of crypto markets and the risks associated with leveraged trading. This event may lead to further market instability as investors scramble to adjust their positions.#Crypto#ShortSells#LeveragedTrading#Volatility