Crypto shorts lose $110 million in a 10-minute liquidation burst

Crypto shorts lose $110 million in a 10-minute liquidation burst

A rapid wave of forced closures hit bearish traders, adding to a 2026 pattern of short squeezes across crypto derivatives markets.

Ten minutes. That is reportedly how long it took for $110 million in short positions to be wiped out across crypto derivatives markets.

The $110 million figure covers short positions that were forcibly closed within a single 10-minute window. Research compiled on the event places it on October 2, 2026. Liquidation trackers, including ByKaranteli, showed heavy short liquidations lining up with a burst of market volatility. In the 24 hours before the spike, total liquidations ranged from $100 million to $170 million, and shorts