$FET Liquidated Short: $59.9K at $1.998

The $FET market just ignited!

A massive $59.9K short position was liquidated as the price surged to $1.998, leaving bears scrambling to cover their losses in a flash!

Short Sellers Squeezed Hard:

The sudden price spike triggered a rapid cascade of liquidations, forcing those betting on a downturn to close their positions.

What started as a calm market quickly turned into a brutal short squeeze, catching many off guard.

The volatility of $FET continues to prove how quickly the market can shift.

What Caused the Surge?

Was it a wave of fresh buying interest, a whale moving in, or something else entirely?

Whatever the reason, this explosive move shows the unpredictable nature of crypto.

Bulls are in charge right now, but for how long?

What’s Next for FET?

After this major liquidation, will the bullish momentum continue, or is a pullback around the corner?

This market has shown it can flip on a dime, and traders are on edge, watching for the next big move.

Takeaway: Short squeezes like this remind us how volatile crypto markets are.

A few moments of intense price action can cause massive shifts in market sentiment, and positions can be wiped out in the blink of an eye.