Shorts liquidate $4.5B, pressure shrinks

- Traders recorded roughly $4.5 billion of short liquidations as short interest dropped sharply over recent sessions, reducing immediate selling pressure. (x.com) - Commitments of traders (COT) show longs rising from 15K to 23K while shorts fell from 22K to 13K, flipping net positions from -4.9K to +5.1K. (x.com) - That squeeze and persistent negative funding rates can fuel fast, violent rallies in crowded names if buyers keep stepping in. (x.com)