According to Crypto Rover (@rovercrc), over $830 million worth of cryptocurrency short positions were liquidated in the past 24 hours, signaling a strong upward momentum in the crypto market. This widespread liquidation reflects a significant short squeeze, forcing bearish traders to cover their positions and potentially amplifying price volatility in major cryptocurrencies such as Bitcoin and Ethereum. Traders should monitor open interest levels and funding rates as these liquidations often precede sharp market moves and can present high-risk, high-reward trading opportunities. Source: Crypto Rover Twitter, May 9, 2025.