The reported wipeout of bearish positions points to a sharp upward price move, as short liquidations typically accelerate volatility when traders are forced to close losing bets.
About $180 million worth of short positions were liquidated across the crypto market in the past 30 minutes, according to the source. Short liquidations occur when traders betting on lower prices are forced out of their positions as prices rise, often adding further buying pressure and amplifying short-term volatility. The update indicates a rapid market move against bearish traders, though no asset-by-asset breakdown or exchange-level details were provided in the source.