Massive Short Liquidation on Ethereum!
$579K Short Position on $ETH just got LIQUIDATED at $3693.02, and the bulls are roaring!
What was supposed to be a bearish bet turned into a brutal squeeze, and traders are feeling the heat.
Liquidation Breakdown:
Asset: Ethereum (ETH)
Position Size: $579,000
Liquidation Price: $3693.02
Market Momentum: A massive short squeeze flips the market upside down.
What Happened?
The bears took a heavy short position, betting on $ETH dropping below $3700.
But the bulls had other plans, sending $ETH soaring past resistance and triggering an explosive short squeeze.
The $579K position was caught in the crossfire, leaving traders scrambling as the price shot higher.
Market Consequences:
Short Squeeze Explosion: The liquidation added massive upward pressure, propelling ETH to new highs and forcing more shorts to cover.
Volatility Surge: Expect the market to remain volatile as long positions capitalize on the squeeze, while shorts reassess their bets.
Resistance Tested: Can ETH maintain its momentum above $3700, or will the bears strike back?
What’s Next for ETH?
With the short squeeze creating upward pressure, traders are now eyeing the $3750–$3800 zone as the next key resistance.
Will ETH continue its rally, or is this just a temporary surge? The market is in high-stakes mode!
Always watch your positions carefully—what goes up can come down just as fast.
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