Massive $PNUT Short Liquidation: $77.9K at $1.213

In a jaw-dropping move, $77.9K worth of short positions on $PNUT got liquidated at $1.213 today!

As the market turned in favor of the bulls, shorts got squeezed out in an explosive price rally, resulting in a significant liquidation event.

Here’s the breakdown:

Short Position: $77,900 liquidated

Price at Liquidation: $1.213

Impact: A powerful upward move caught short traders off guard, forcing them to close their positions, fueling even more bullish momentum.

This liquidation serves as a harsh reminder of how quickly a market can shift, especially in high-volatility assets like $PNUT .

With traders who were betting against the coin caught off-guard, the price surge triggered a short squeeze, sending the market into overdrive.

Key Takeaways:

1. Short Squeeze Mayhem – When a rally gains momentum, short positions can quickly turn into massive liabilities, leading to widespread liquidations.

2. Volatility is King – As always in crypto, prices can swing dramatically in either direction, and it’s crucial to stay ahead of market movements.

3. Risk Control – This event underscores the importance of using tight stops and understanding leverage risks to avoid such painful liquidations.

PNUT is heating up—will the bulls keep pushing, or are we due for a pullback?

Are you riding the wave,

time to buy

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