Crypto liquidations exceed $1B as shorts absorb $840M

More than $1 billion in leveraged crypto positions have been liquidated over the past 24 hours, with short positions accounting for approximately $840 million of the total.
The heavy concentration of short liquidations reflects the strength and speed of the latest market rally as rising prices force bearish leveraged traders to close positions.
Short covering can amplify upside momentum, but liquidation totals of this magnitude also signal elevated leverage and unusually high market volatility.