Explosive Liquidation Alert: $88.4K Short Position on $DOT Obliterated at $7.092!
Polkadot (DOT) has just made a dramatic move, with a $88,400 short position getting liquidated at $7.092.
This sharp rise in price has left short-sellers scrambling, as bullish momentum continues to build in the market.
Liquidations of this magnitude often signal strong buying pressure and a potential short squeeze, raising the question: is $DOT on the verge of a breakout to higher levels, or will resistance bring the rally to a halt?
For traders, this is a clear reminder of the risks of leveraging in volatile conditions.
Stay vigilant and adjust strategies as $DOT continues to shake up the market.