Crypto market liquidations exceed $600M as short traders face brutal squeeze

23-4-2025 – In a tumultuous 24 hours for the cryptocurrency sphere, forced liquidations have surged past a staggering $601 million, ensnaring over 138,000 traders in a market maelstrom. The brunt of this upheaval has been borne by short traders, with losses exceeding $500 million, punctuated by a colossal $4. 3 million liquidation of the ETH/USDT pair [. source: https://www.cointrackdaily.com/crypto-market-liquidations-exceed-600m-as-short-traders-face-brutal-squeeze/