Short squeeze wave incoming: 24-hour market liquidation exceeds $66 million

2026-03-01 02:03:43

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In the past 24 hours, the crypto market experienced a fierce wave of liquidations. According to Coinglass data, a total of 67,749 traders were liquidated, with cumulative liquidation amounts reaching $66,619,500. Over 60% of these liquidations involved short positions, making them the main victims of this liquidity crisis.

Short Liquidations Dominate, Bulls Fairly “Doing Well”

From the liquidation structure, this market correction shows a clear “short squeeze” characteristic. Specifically, short liquidations amounted to $40,197,400, while long liquidations were only $26,422,100. This indicates that short sellers suffered losses 1.5 times greater than long traders during this volatility, reflecting a shift in the market’s long-short balance.

Single Large Liquidation Sets New Risk Warnings

The most alarming aspect is the scale of individual liquidations. Hyperliquid exchange’s ORCL-USD trading pair experienced the largest single liquidation, with a liquidation amount of $893,600. Such ultra-large liquidations are occurring frequently, highlighting that leverage risks remain significant and emphasizing the importance of risk management.

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