{
  "id": 16000962,
  "title": "92% of Bitcoin liquidations were shorts: What happens when the squeeze ends?",
  "url": "https://urgent.news/2026/10/22/92-of-bitcoin-liquidations-were-shorts-what-happens-when-the-squeeze",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T04:48:10.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/92-of-bitcoin-liquidations-were-shorts-what-happens-when-the-squeeze-ends-20261022/"
  },
  "original_language": "en",
  "account": "Bitcoin rose 1.51% to US$84,055.22 and Ethereum gained 0.97% to US$2,471.00 in a 24-hour period. The crypto market cap increased by 1.36%. Technology and AI sentiment drove Bitcoin's rally, with Bitcoin showing a 79% correlation to the S&P 500 index. The short squeeze saw US$84.26 million in liquidations, with 92% of that amount coming from short sellers. Ethereum's rally was partly due to a supply-side catalyst, as Bitmine staked an additional 159,728 ETH worth around US$390 million, reducing sell pressure. Both assets benefited from a risk-on trend in correlated assets, including a surge in technology and AI stock sentiment. The Federal Reserve's rate decision on October 28 will be a key macro trigger for Bitcoin's next move, while Ethereum's upcoming testnet upgrade on October 26 could provide renewed focus. A decisive close above US$87,000 or US$2,500, respectively, would confirm bullish momentum, while a drop below key support levels could signal renewed weakness.",
  "summary": "Bitcoin rose 1.51 per cent to US$84,055.22 in 24 hours, and Ethereum rose 0.97 per cent to US$2,471.00. The total crypto market cap rose 1.36 per cent. A rebound in technology and AI stock sentiment lifted risk appetite across both assets. Bitcoin showed a 79 per cent correlation with the S&P 500, and its 24-hour […] The post 92% of Bitcoin liquidations were shorts: What happens when the squeeze…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}