BTC Short Liquidation

Crypto.com sent out an email on that states the following:

“A potential Bitcoin short squeeze is on the horizon, which could lead to vertical price increases. Analysts foresee short-sellers feeling pressure, as Bitcoin price downtrends have become shorter and less pronounced. In addition, the margin between institutional long positions and hedge fund short positions is at a record high, according to Kobeissi Letter. If BTC price reaches $71,000, $156.18 million in short positions will be liquidated, while a climb to $75,000 will liquidate $3.85 billion, as per CoinGlass data.”

The link to the data = https://www.coinglass.com/pro/futures/LiquidationMap?lid=t10jdn3ufu29

So my question to the group is, with BTC price touching $71k several times over the weekend, is there evidence of liquidation actually occurring? Is the liquidation due to excess margin and lenders calling on their debt to be paid?

Thanks in advance.