Data reported today by Ash Crypto shows that over the past 24 hours, $3816 million has been liquidated in short positions, far surpassing its strengths of $1991 million. In total, the cryptocurrency market has experienced a massive liquidation worth $504.07 million, according to data.
Shorts worth $308,160,000 have been settled over the past 24 hours.
The bear is getting f*cked. pic.twitter.com/oubudmrl5b
– Ash Crypto (@ashcryptoral) May 22, 2025
A little short
According to Coinglass’ Metrics, a notable aspect noted by Crypto analysts is the massive liquidation of short positions, but Bitcoin is currently worth $110,669.
The digital asset market has gained considerable experience in the last 24 hours, as a whopping $38.16 million short position was forced to be liquidated. This is a shocking development caused by the substantial benefits of some assets. The market boom was driven by a new interaction of enthusiasm from traders, improved macroeconomic conditions and a rekindling of positive user sentiment.
As the short sellers moved to protect their position, subsequent purchase pressures further boosted the value of most crypto assets, demonstrating the volatile and uncertain nature of the digital asset market.
Bitcoin enters unknown territory
Today, Thursday, May 22nd, Bitcoin entered an untapped territory marking the best new territory ever, pushing its price beyond $110,000. The biggest digital assets have used prominent Altcoins like ETH, SOL and many others to activate wider gatherings across the crypto market, emulate movements, and drive the entire market to green.
The current price for Bitcoin is $110,750.
An increase in short liquidation could create a “short squeeze” experience, which could lead to BTC even above the $110,000 level. Short apertures are situations whereby asset prices increase, which force investors who sold shorts to close such positions, usually by purchasing assets, can surge in prices even further.
The analyst explained the situation better by saying, “The bear is being committed.” The market has confirmed it is in the uptrend stage (recorded over the last three weeks), and it’s time for the Bulls to enjoy the world again.
The increase in heatmap metrics and short liquidation from Coinglass highlights a highly leveraged market environment where multiple investors are opening directional bets.
