That $2.75 Billion Short Squeeze Number Is Not…

The $2.75 billion figure taken from CoinGlass liquidation data after the August 19 rally counted short positions across the crypto market, not Bitcoin alone. Bitcoin contributed about $1.6 billion to $1.7 billion, as the corrected FinanceFeeds report from August 20 now states. The distinction matters because a market-wide liquidation total and an asset-level total answer different questions. What…