According to @KobeissiLetter, over 400 million dollars of leveraged crypto shorts were liquidated in the last 60 minutes and crypto assets are now at two-month highs. Source: @KobeissiLetter. Such rapid short liquidations typically indicate a short squeeze, as liquidation engines execute market buy orders that add immediate upward pressure to price. Source: Binance Futures liquidation mechanism documentation. For trading, large liquidation waves are commonly followed by elevated or positive funding rates and a reduction in short-dominated open interest, metrics that help gauge whether upside momentum may persist intraday. Source: Binance Futures funding rate documentation and Coinglass metric definitions.