One of the biggest short liquidations 2026 wiped $593 million in bearish bets overnight. Saturday afternoon as Iran reportedly reversed the Hormuz reopening. Bitcoin surged above $78,000 in a sharp short squeeze after Iran declared the Strait of Hormuz fully open and Donald Trump claimed Tehran agreed to an unlimited suspension of its nuclear program. The rally triggered about $762 million in crypto liquidations, mostly from short positions, with bitcoin accounting for roughly $382 million and…
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