Crypto Market Sees Record $2.73 Billion Short Liquidations

Hyperdash News08/20/2026 10:39 UTCCrypto

The crypto market saw a record $2.73 billion in short liquidations across perpetuals yesterday. This marks the largest crypto short-liquidation event on record. The liquidations suggest substantial price movement and volatility for major cryptocurrencies such as Bitcoin and Ethereum.

This record liquidation volume indicates a sharp move against short positions, often driven by unexpected price surges. Such events can trigger further upward momentum as forced buying covers short bets. Traders on Hyperdash have taken

Bitcoin -0.01% lower and

Ethereum -0.05% lower since the news.

Sources

ZeroHedge

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