According to Crypto Rover, the cryptocurrency market has just experienced the largest short liquidation event since 2021, with over $800 million in short positions liquidated within 24 hours. Binance has yet to release its complete figures, which means the actual total may be even higher (source: Crypto Rover via Twitter, May 9, 2025). This unprecedented liquidation wave signals significant upward volatility and forced buy-backs, creating rapid bullish momentum across major crypto assets. Traders should closely watch for continued volatility, as incomplete data from Binance may reveal even greater market shifts. This event highlights the importance of robust risk management and may catalyze further price surges in high-leverage environments.