According to Crypto Rover, $50,000,000 worth of Bitcoin shorts were liquidated within the past 60 minutes, indicating a significant short squeeze event that forced bearish traders to exit their positions rapidly (source: @rovercrc, May 21, 2025). This large-scale liquidation suggests a sudden upward price movement, potentially fueling bullish momentum and increasing volatility in the Bitcoin and broader crypto markets. Traders should closely monitor liquidation trends and open interest as they may signal further price action and opportunities for both long and short strategies.