According to Skew Δ (@52kskew), a significant number of short positions are being margin called on local cryptocurrency exchanges, indicating a rapid price move that is forcing traders to cover their shorts. This activity often leads to increased volatility and can trigger a short squeeze, potentially accelerating upward price momentum for major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Active traders should closely monitor funding rates and liquidation data as these margin calls could signal a reversal or continuation in prevailing market trends (source: Skew Δ on Twitter, June 16, 2025).