ETH Liquidation Frenzy: Signs of Alt Season? Here's What to Expect Today!
Yesterday's market action was a rollercoaster for both short and long traders, with ETH alone liquidating over $3M worth of positions across a few rapid candles—a textbook liquidation hunt.
This move seems aimed at instilling fear just as we edge closer to the highly anticipated alt season. Many are expecting ETH to lead the charge, and yesterday’s volatility is a strong signal that the breakout could be near.
For today, it’s time to position yourself wisely. Consider loading up your spot bags or 2x leverage positions, but avoid high leverage. You risk getting stuck in a trade for days or hitting your stop loss, regardless of direction. Watch for a significant move—up or down—before committing to an intraday trade.
Stay tuned for more updates and trade carefully!
NFA, DYOR
