Epic Short Squeeze! Over $2.7 billion in short positions liquidated in the past 24 hours, making it the largest squeeze in nearly two years

BlockBeats News, August 20th, according to Coinglass data, in the past 24 hours, the total amount liquidated across the entire network was $2.975 billion. The amount liquidated from short positions exceeded $2.7 billion, surpassing the previous record of $2.466 billion liquidated from short positions on October 11th, 2019. This marks the largest single-day liquidation event in the crypto market in nearly two years.