$XLM Short Liquidation: The $10K Squeeze
The market erupted in chaos as $10.017K in xlm short positions were annihilated at $0.3546.
What began as a slow upward climb turned into a brutal short squeeze, catching traders off guard.
For days, bears had held the line, confident in their positions as $XLM hovered below key resistance.
But the bulls had other plans.
A sudden surge in buy pressure shattered expectations, sending the price skyrocketing.
Liquidations hit hard and fast.
The charts lit up with green candles as the shorts were forced to buy back, fueling the relentless rally.
Traders watched in shock, some celebrating massive gains, others staring at wiped-out positions.
It was a spectacle of raw market power, a reminder that in crypto, the tide can turn in an instant.
Tonight, $XLM taught the bears a harsh lesson: never underestimate the squeeze.
