$LINK
Liquidated Short Alert
A huge $88.7K short position on LINK has been liquidated at $20.81! This unexpected surge has caught short traders off guard, triggering massive liquidations as the price moves higher.
What happened?
Traders betting against LINK were hit hard as the price pushed up, leading to a significant $88.7K worth of liquidations.
Liquidations like this create upward momentum, pushing the price even higher, which may catch more shorts in the next wave.
Why is this important?
Such large liquidations can trigger a "short squeeze," where the price continues to rise rapidly as more shorts get forced out.
If you’re trading in this environment, be ready for extreme volatility. The market is unpredictable, and the price could skyrocket or reverse just as fast.
Key Details:
Amount liquidated: $88.7K
Price when liquidated: $20.81
Market Reaction: Surge in price, potential for more short squeezes.
Traders, stay alert—this market is moving fast! It’s a reminder of how quickly things can change, so always manage your risk.
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