Over $100 million in short positions got liquidated in the last 24 hours—a massive squeeze that signals a potential reversal in market sentiment. The bears took a hit. With major sell-offs being absorbed and buyers stepping back in, we're seeing some solid momentum building on the upside. The bulls appear to have regained control, at least for now. This kind of liquidation cascade typically precedes strong rallies, so traders are watching closely to see if this bounce holds.