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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/22/2026

Open Interest Climbs as Bears Re-Enter After $648M Short Squeeze

What happened: CoinDesk reported that, even as $647.

Open Interest Climbs as Bears Re-Enter After $648M Short Squeeze

What happened: CoinDesk reported that, even as $647.9 million in short positions were liquidated in the past 24 hours, open interest in crypto derivatives increased by 7.59% to $156 billion. ETH shorts accounted for $122.8 million of the liquidations. The data, aggregated from CoinGlass, Binance, and Deribit, suggests that traders are not retreating but instead quickly reloading positions.

Why it matters: The willingness of market participants to re-enter positions after such a significant liquidation event points to elevated risk appetite and potential for continued volatility. This dynamic could amplify both upward and downward price swings as traders chase momentum in an uncertain macro environment.

Source: CoinDesk