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Coinglass data as of 4:55 a.m. KST showed $107.28 million in leveraged positions wiped out across the top 20 assets over 24 hours, split between $90.09 million in shorts (83.97%) and only $17.19 million in longs. That 5.2-to-1 skew points to a short-squeeze grind rather than fresh spot demand, consistent with BTC up just 0.78% at $78,834 and ETH up 1.86% at $2,500 — modest gains for that much forced short covering. The total figure is small by cycle standards, so the read stays neutral until either open interest rebuilds on the short side or spot volume and ETF inflows confirm a directional bid.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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