The $ENS short position of $156K liquidated at $37.67 now faces significant losses as Ethereum Name Service (ENS) trades around $22.35, reflecting a substantial price drop.
The rapid shift in market momentum has likely resulted in a decisive blow to bearish traders who underestimated ENS's volatility and liquidity shifts.
This liquidation showcases the risks of leveraged positions in unpredictable market conditions.
With $ENS experiencing a 6.49% gain over the last month but still trending lower compared to its earlier peak, traders should remain cautious and reassess their risk management strategies to avoid similar outcomes.
#BitwiseFiles10ETFa #MarketInTheGreen #EthereumAwakening? #BinanceHODLerTHE
