According to @rovercrc, approximately 250,000,000 dollars of Bitcoin BTC and Ethereum ETH short positions were liquidated in the past 24 hours. Source: @rovercrc. This reported wave of forced short closures can coincide with short squeeze dynamics and heightened upside volatility, so traders may reassess risk controls around recent highs and breakout levels until liquidations stabilize. Source: @rovercrc.

According to @MilkRoadDaily, crypto markets saw about 1.7 billion in liquidations with over 500 million from ETH, representing more than 30 percent of the total, source: @MilkRoadDaily on X, Sep 22, 2025. According to @MilkRoadDaily, ETH is leading the pullback rather than BTC, which they state is another sign the market is deep in altcoin season, source: @MilkRoadDaily on X, Sep 22, 2025.