Massive Short Liquidation on $DYDX !

A whale-level short position just got wiped out on DYDX!

🔹 Liquidated Amount: $68.9K

🔹 Price Level: $1.630

This sudden liquidation hints at a potential price reversal or unexpected market momentum.

Traders betting against $DYDX at this level were caught off guard as the market surged past their limits, triggering this major liquidation.

What Does It Mean?

1️⃣ Short Squeeze Risk:

Could this be the beginning of a broader short squeeze?

Such moves often cause rapid price spikes as shorts are forced to cover their positions.

2️⃣ Market Sentiment:

$DYDX might be gaining bullish momentum, with traders piling in to capitalize on the next rally.

3️⃣ Opportunities Ahead:

Watch for potential breakouts or retracements around the $1.630 level as DYDX finds its next direction.

Key Levels to Watch:

Support: $1.600

Resistance: $1.700

Stay sharp, traders!

The market is heating up, and DYDX could be gearing up for explosive action.

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