According to the source, about $100,000,000 in BTC and ETH short positions were liquidated in the last 60 minutes, signaling an aggressive short squeeze across crypto derivatives (source: the source post on X dated Oct 3, 2025). For trading, monitor funding rates, open interest, and spot-versus-perp leadership to assess squeeze continuation risk and potential fade setups near liquidity pools and prior highs (source: same source highlighting the liquidation spike). During rapid liquidation cascades, spreads and slippage can widen; tighten risk parameters and use disciplined stops as volatility expands (source: same source indicating an ongoing liquidation event).