($ETH ):
Asset: Ethereum ($ETH )
Position: Short (a bet that $ETH ’s price would decrease)
Liquidation Value: $81,500
Price at Liquidation: $3,916.58
A short liquidation happens when the market price of an asset rises, forcing traders who bet on a price drop to close their positions, usually because they hit the margin limit of their leveraged trades.
This event reflects upward pressure on Ethereum’s price, as shorts get liquidated when prices increase unexpectedly.