Crypto Market Shows Signs of Stabilization with Shorts Leading Liquidations

The crypto market showed signs of stabilization on May 20, with shorts leading liquidations for the first time since the selloff began.

According to CoinGlass data, shorts accounted for 57.5% of total liquidations, marking a significant shift in positioning. This inversion from Monday's long-biased $814M flush to Wednesday's short-led $178.82M liquidation signals that the forced selling phase may be over.

Bitcoin climbed back above $77,000, while total crypto market cap recovered to $2.57 trillion. Crypto stocks turned green, led by miners, and XRP and SOL ETFs continued to attract positive inflows.