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News 2026-10-02 04:41 UTC

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

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, 20…