$ENS Liquidated Short: $70.5K at $35.71
A wave of liquidation drama struck as a $70.5K short position on Ethereum Name Service (ENS) unraveled at $35.71.
Currently, ENS is trading at approximately $36.03, maintaining momentum above the liquidation price.
This represents a modest but critical 0.9% upward move for $ENS signaling that bulls are in control amid the token's recent strength.
ENS, a cornerstone of Web3 infrastructure, continues to thrive as its utility in simplifying blockchain adoption expands.
With its integration in leading wallets and its governance token playing a key role in shaping decentralized protocols, $ENS is solidifying its status in the decentralized ecosystem.
The liquidation highlights how tight risk management is crucial in volatile crypto markets, especially when betting against momentum-driven assets like ENS.
Are we looking at a breakout, or is this just the start of more volatility?
Time will tell!
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