The short squeeze

Massive short squeeze, muted market impact
Source: Coinglass, Laevitas

Last week, crypto derivatives recorded the largest short squeeze since July 26, 2021. In BTC derivatives alone, $330m worth of shorts were liquidated on both October 25 and October 26. The crypto market as a whole experienced $704m and $618m worth of liquidations these days, with ETH perps seeing exceptionally high liquidation volumes on FTX.

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