Market Alert: A massive $429 million in short positions just got wiped out across the crypto market within a 4-hour window. This kind of liquidation cascade typically signals sharp price moves and volatile market conditions. When shorts get flushed this aggressively, it often creates a squeeze effect—buyers pushing prices higher, which triggers more stop-losses and margin calls. The scale here ($429M) suggests this wasn't just retail traders getting caught off-guard; institutional players likely took positions too. Keep an eye on which assets drove this wave of liquidations. Usually it's the high-volatility alts and leverage-heavy trading pairs that see the heaviest action during these events. This is the kind of market dynamic that separates winners from losers in crypto trading.