The cryptocurrency market once again proved that trading against the trend in September is a dangerous game. Traders who were building short positions in anticipation of a “red September” got trapped in a brutal squeeze. According to analytics platforms, the total amount of liquidations in the futures market exceeded $219.15 million over a single day, and an enormous 93.4% of that volume ($204.65 million) came specifically from shorts!
What happened?
After Bitcoin temporarily fell below $75,000 amid political news in the US (a failed vote on the CLARITY Act), the bears believed in a deep crash. However, the market quickly digested the negativity. A significant inflow into spot ETFs and investors closing out questions about the Fed rate triggered a powerful upward move.
As soon as $BTC held above the psychological level of $80,000, the domino effect kicked in: exchanges began forcibly closing (buying back at market price) short positions. That pushed the price to $81,200.
What about altcoins?
Bitcoin short squeeze pushed up the rest of the market:
• $ETH showed a strong rebound above $2600.
• $SOL jumped by 10% right away, delivering one of the best performances among the top alts.
What to do next?
The Fear & Greed Index has moved into the “Greed” zone (57 points). However, analysts warn: this rally was mechanical—driven by liquidations. To continue the push toward $83,000, the market needs real new spot buyers.
Did you manage to profit from this move, or did you get liquidated? Share in the comments!
#bitcoin #crypto #ShortSqueeze
