Traders betting against crypto lost $2.74 billion in a day, more than the short side of the October 2025 crash that remains the biggest liquidation event in the market's history.

  • Short sellers lost nearly $2.7 billion in 24 hours as bitcoin surged toward $70,000, triggering the largest wave of forced short closures in records going back to 2021.
  • Total crypto liquidations reached nearly $3 billion across more than 172,000 traders, with shorts making up about 92% of the wipeouts and outnumbering long liquidations by more than ten to one.
  • The short squeeze, which briefly pushed bitcoin near $69,900 and levels not seen since early June, unfolded in about an hour and may prove fragile because it was driven by forced buying rather than sustained new demand.

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The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Cathie Wood says smart investors need to start watching where AI agents spend money

U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.

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