The $3 billion short squeeze: anatomy of crypto’s biggest liquidation event since 2021

Six weeks of bearish positioning ended in 24 hours. Here is how the trade unwound, who got caught, and whether the squeeze has legs. Crypto derivatives markets had been building toward this moment for six weeks. Open interest in Bitcoin…

Source: https://crypto.news/3-billion-short-squeeze-anatomy-crypto-biggest-liquidation-2021-2/