According to CoinMeta, based on early monitoring of in, on August 19th, the crypto market experienced an epic short squeeze, with over $2.7 billion in short positions being liquidated across the network within 24 hours. A total of 8 Bitcoin whales had short positions liquidated for over $10 million each, and 2 Ethereum whales had short positions liquidated for over $10 million each. Among them, whale 0x8c96… ca57 with a value of $96.39 million in Bitcoin short positions was liquidated; whale 0x0ddf… a902 with a value of $108 million in Ethereum short positions was liquidated; whale 0x004e…1bb8 with a value of $71.46 million in Bitcoin short positions was liquidated; and whale 0x8eff… bd5e with a value of $61.11 million in Bitcoin short positions was also liquidated.