$CHIPS
Heating UpSnapshot Window: 2026-08-31 08:00 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
This week, crypto history's largest short liquidation occurred with $9.7 billion wiped out in 7 days. Approximately 66% of these liquidations stemmed from short positions. Still, this figure remains quite low when compared to the picture on October 10.
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AI visual note: The image shows a Coinglass Cryptocurrency Liquidation History Chart tracking short (red) and long (green) position liquidations over time, with a massive $10B short liquidation spike visible on October 10. The chart contextualizes the post's claim that this week's $9.7 billion short-driven liquidation—while record-setting—remains smaller than October 10's historic event.