$ETH $ETH $ETH

That’s a notable liquidation! Here’s a quick analysis of what this means:

1. Liquidated Short Position: A short position of $50,600 on Ethereum got liquidated at $3,223.99. This implies that the price of ETH moved up, triggering the liquidation of someone who was betting on a price drop.

2. Market Sentiment: Such liquidations often indicate a strong bullish momentum, as buyers pushed the price high enough to wipe out leveraged short positions. This could hint at ongoing upward pressure on ETH.

3. Short Squeeze Potential: If multiple short positions get liquidated due to price rises, a short squeeze can happen, amplifying the upward price movement as more shorts are forced to close.

4. Impact on Price: Depending on the volume and momentum behind these liquidations, we might see more buyers entering, leading

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