Two major mainstream cryptocurrencies are showing a clear stabilization and upward trend: Bitcoin successfully stabilized above the key level of 91,000 today, while Ethereum also stabilized at the 3,100 threshold. The price breakthroughs of these two core assets have injected strong bullish sentiment into the market.

The intense market fluctuations have directly triggered large-scale liquidation events, including a concentrated short squeeze in transactions related to “Heyue Stone Yard” — that is, a large number of short positions betting on the decline of Bitcoin and Ethereum prices. Due to continuous price increases, these positions were forcibly liquidated because of insufficient margin. According to on-chain monitoring data, the total amount of crypto contract liquidations across the network in the past 24 hours reached as high as $187 million, with a clear “short squeeze” pattern:

• Long position liquidations amounting to approximately $45.23 million: These positions were established by investors expecting prices to rise. Due to local price corrections or excessive leverage, accounts had margin levels below maintenance requirements and were forcibly liquidated by the system, with losses limited to the initial margin.

• Short position liquidations reaching $142 million: Short sellers initially expected the asset prices to fall and profited from borrowing and selling the coins. However, prices rose instead, causing losses to continue expanding. When account funds could not cover the margin, positions were forcibly liquidated. Theoretically, price increases have no upper limit, and the risk of losses for short positions is much higher than for long positions.
$BTC #比特币2026价格预测