According to the source, over $1.6 billion in short positions were liquidated across the crypto derivatives market over the past seven days. According to the source, the figure reflects forced closures of bearish futures positions and highlights the scale of recent short covering in the last week.

According to @ai_9684xtpa, a large ETH long trader across two addresses now has only 12,707.43 ETH remaining in longs after a fresh 1,500 ETH liquidation. According to @ai_9684xtpa, total liquidations over the past two hours reached 10,665.22 ETH, with prior profits mostly surrendered.