$LINK
$72.6K LINK Short Position Liquidated at $24.73 in a Market Surge
The LINK market just saw a significant shakeup as a $72.6K short position was liquidated at the price of $24.73. Traders who were betting on a price drop were caught by surprise as the market moved sharply against their positions, forcing an automatic closure. Such liquidations often trigger a chain reaction, as other short sellers rush to exit their positions to avoid further losses. This sudden price movement highlights the unpredictable nature of the crypto market, where even well-calculated short positions can be wiped out in moments of intense volatility. The $24.73 level now stands as a critical point of interest, with bullish traders potentially aiming to build on this momentum and push prices higher. On the other hand, bearish traders might step back and reassess their strategies before making their next move. As the market stabilizes, traders are keeping a close eye on LINK to see whether this surge will continue or if selling pressure will force a pullback.
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