$ETH latest short liquidation sent shockwaves through the market as $8.79 million worth of positions were wiped out at the $3599.33 price level.
Traders were caught off guard as the price surged, triggering massive liquidations in the short positions.
This dramatic price action serves as a stark reminder of the volatility in crypto markets, where fortunes can change in an instant.
The sudden shift highlights the power of momentum and the risks of betting against the market in such a turbulent environment. As $ETH continues to make waves, all eyes are now on its next move.
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