$THE /USDT short liquidation of $3,079 worth occurred at a price of $1.53948, indicating a sharp price increase in $THE that forced shorts to close at this level

This could signif

Bullish Momentum A sudden demand driving the price upward

Potential Short Squeeze If multiple short positions are liquidated, it could further fuel upward pressure.

Key Price Level $1.53948 might now act as an important resistance/support level in market analysis

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