$ETH
This post indicates a significant event in the Ethereum (ETH) trading market:
Liquidation: A short position worth $138,000
was liquidated. This happens when a trader
bets that the price of ETH will fall (short
selling), but instead, the price rises beyond a certain level.
Price Point: The liquidation occurred when ETH's price hit $3,462.00.
This suggests the price increased, forcing
the trader to close their short position to
prevent further losses.
Such liquidations can indicate strong price momentum and market volatility.
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