#ETH
The recent surge in Ethereum is likely due to the excess of short positions.
Previously, everyone thought the Ethereum upgrade was useless, and combined with its poor performance, many were shorting around 2000.
As a result, when it surged, some shorts were forced to close their positions, which further fueled the rise.
In just 24 hours, $770 million in shorts were liquidated, which is the most direct evidence.
The same logic applies to altcoins; the coins that surge dramatically vary each time because shorts are concentrated in different positions, and a rise triggers a chain reaction.
Fortunately, we are not shorting, nor did we miss out.
So far today, it's two battles and two victories.
All fans successfully achieved over 300% returns.
Looking at the trends in the US stock market next!