Best Crypto to Buy Now as Short Sellers Face $750M Liquidation Wave

After weeks of sideways movement and dull price action, the crypto market just cracked its knuckles in what seems more than just a gentle stretch. A sudden burst of green across major tokens has set off alarms, celebrations, and speculation all at once.

Ethereum led the charge with a dramatic 20% surge, dragging the rest of the market into an upward frenzy. Surprising a huge chunk of retail investors, over $750 million in short positions were liquidated in a single day—an eruption not seen since 2023. With bears reeling, the question hanging over everyone now is simple: is this the start of a multi-month bull phase?

Short Squeeze Ignites Hope for a Real Trend Reversal

It’s not every day that the market records a $750 million blowtorch taken to short sellers. But when it happens, it forces the market to pay attention. This wasn’t just another random bounce—this was a full-scale liquidation event, hinting that the tide might finally be turning after months of stagnation. 

The short squeeze, led by ETH’s clean break above $2,000, was the most aggressive since Bitcoin's climb to $93K in March, and it did more than just ruin overleveraged bears. It reignited sentiment.

84% of the total liquidations came from shorts, according to CoinGlass data, suggesting the market had become overly skewed toward bearish bets. That imbalance has now been violently corrected. 

Ethereum’s $310M+ worth of short liquidations alone tells the story of a market misread—one where bearish overconfidence met bullish momentum. Bitcoin’s break above $100K only added fuel to the fire, while altcoins like DOGE and ADA soared more than 10%, and even large caps like BNB, XRP, and Solana logged decent gains. The number of traders who got liquidated through shorts have only gone up since. 

Almost $1B(!) in short liquidations in the last 24 hours. Nature is healing pic.twitter.com/dmO59rFiqZ

— Tom Dunleavy (@dunleavy89) May 9, 2025

What’s especially striking is that this happened in lockstep with news of a U.S.-UK trade deal—an external macro catalyst that likely spurred a rush of speculative buying and de-risking across the board. Meanwhile, the bulk of liquidations—over $500 million—came from Binance and OKX alone, confirming this wasn’t just spot buying. This was an all-out detonation in the futures market.

Historically, mass liquidations of this scale are often precursors to new bullish stretches. Not because liquidations themselves cause rallies, but because they reset the board. They purge excess pessimism, expose mispriced positions, and make way for organic upward momentum. This latest wipeout suggests the crypto market may be ready to flip the script.

Best Crypto to Buy Now With Crypto Looking Bullish

Solaxy

If the short squeeze signaled a return of risk appetite, Solaxy is the kind of infrastructure play that benefits directly from revived user activity. It’s not another generic Layer 2. Solaxy is engineered specifically to streamline transaction flow across Ethereum and Solana, two of the busiest and most congested chains in crypto. As interest returns to DeFi, NFTs, and gaming protocols, this dual-chain alignment puts Solaxy in a strategic sweet spot: scalability meets interoperability.

But where Solaxy quietly pulls ahead is its incentive structure. Users aren’t just transacting—they’re rewarded for supporting network security through staking. And not with trivial returns either. The staking APY has remained competitive, even in quieter markets, making it appealing to those looking to hedge volatility with passive income.

Unlike many Layer 2s still figuring out their tokenomics, Solaxy’s ecosystem feels more deliberate. It doesn’t rely on hype cycles or endless airdrops. Instead, it’s laying down long-term foundations by attracting developers and users with performance and sustainability. 

HyperSpeed Achieved!🔥🚀33 Million Raised! 🛸🪐 pic.twitter.com/HgswKcnnVM

— SOLAXY (@SOLAXYTOKEN) May 3, 2025

Reaction to this unique concept was also quite positive, since the presale—having raised upwards of $33 million in presale records, one of the biggest this year when it comes to memecoin presales.

With short sellers sidelined and Layer 2 usage expected to rise during bull cycles, Solaxy fits into the thesis of capital rotation toward efficiency-first infrastructure. It’s a technical play wrapped in a tokenized rewards system—and for those seeking value beyond speculation, that’s hard to ignore.

BTC Bull

BTC Bull might look like another meme-adjacent token hitching a ride on Bitcoin’s name. But scratch the surface, and you’ll find one of the smarter utility designs in the space right now—especially for investors tracking Bitcoin’s price arc.

The project ties its token mechanics directly to Bitcoin’s own performance. For every major milestone BTC hits—$120K, $150K, $200K—BTC Bull triggers a dual-event mechanism: a percentage of its total supply is burned, and fresh airdrops are unlocked for holders. 

This means scarcity increases in lockstep with optimism, while rewards are distributed when confidence is peaking. It's a cleverly gamified financial layer that aligns incentives with Bitcoin's momentum.

What makes this setup powerful is how it flips passive holding into something dynamic. Rather than waiting for a pump to take profits, BTC Bull lets investors play the long game, with built-in mechanisms that mirror market euphoria. When the market moves, the project responds in kind. It encourages holding by rewarding patience and discourages dumps by embedding deflationary moments into its core logic.

The token is also fully audited and backed by a strong community that understands Bitcoin’s cultural weight. And right now, with BTC crossing $100K again and bullish narratives regaining ground, BTC Bull looks primed to enter its next active phase.

For traders seeking a meme-style token with tangible logic—and a price action rhythm synced to the world’s most valuable crypto—BTC Bull isn’t just noise. It’s a strategic echo of Bitcoin’s next moves.

SUBBD

The post-liquidation market might be dominated by infrastructure and narrative tokens—but there’s room for real-world use cases too, and SUBBD fits squarely in that category. Designed as a creator-first economy, SUBBD aims to upend the way influencers, artists, and educators interact with their audiences. Instead of relying on ad revenue or platform algorithms, creators can monetize directly through blockchain-native tools, powered by the $SUBBD token.

The token itself isn’t just a tip jar. It functions as a gateway to premium content, community interactions, and even equity-style participation in a creator’s growth. Early adopters can stake tokens to access content or receive benefits as a creator’s popularity increases. This model transforms viewers into stakeholders, shifting fan loyalty into something with financial and emotional weight.

Endorsed by top creator channels like 99Bitcoins, SUBBD’s potential seems to have been recognized by many already. The rise of tokenized fan economies is no longer speculative—it’s operational, and SUBBD is building infrastructure to support that shift. Smart contracts handle membership perks. On-chain analytics track engagement. And creators retain full ownership of their earnings.

Even beyond content, SUBBD is building partnerships across e-learning and community platforms, signaling long-term plans to scale into a broader tokenized labor market. In a bullish market, utility-backed tokens often gain renewed traction, especially when they bridge online behavior with real-world income.

Conclusion

The recent liquidation wave may have marked more than just a turning point for short sellers—it might have flipped the broader sentiment entirely. With volatility back on the table, investor focus is shifting toward tokens with clear mechanics, real utility, and strong positioning.

Whether tied to infrastructure, market milestones, or user-driven ecosystems, the projects outlined above all align with where momentum appears to be heading. As bullish energy continues to build, assets that combine purpose with timing could see a meaningful stretch of growth ahead.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.