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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%
08/21/2026

Record $4 Billion in Shorts Liquidated Across Crypto Markets

What happened: Over the past 48 hours, more than $4 billion in short positions were liquidated across Bitcoin, Ethereum, Solana, and XRP, according to CoinGlass.

Record $4 Billion in Shorts Liquidated Across Crypto Markets

What happened: Over the past 48 hours, more than $4 billion in short positions were liquidated across Bitcoin, Ethereum, Solana, and XRP, according to CoinGlass. Thursday's $1 billion in liquidations set a new daily record since 2021, with 174,416 traders affected. The forced covering contributed to sharp price spikes across the board, with ETH up 5% on the day and 25% for the week.

Why it matters: The magnitude of the liquidation highlights the risks of crowded short positioning in a market increasingly influenced by macro policy and institutional flows. While some see the squeeze as a sign of renewed bullish momentum, others warn that the rally could lose steam as short interest is cleared out.

Source: CoinDesk, CoinSpectator