The Short-Selling Massacre Behind Ethereum's Violent Surge: How's Your Position?
In recent days, the crypto market has staged an exciting showdown between bulls and bears—Ethereum (ETH) suddenly surged violently from around $2000, almost reaching $2500, leaving countless bearish traders with significant losses!
Why Ethereum?
Previously, ETH's performance was weak, and the market was disappointed with the short-term outlook after the upgrade, leading many bears to accumulate positions around $2000, believing the rebound would be weak. As a result, the market turned and initiated a "short squeeze"; within just 24 hours, $770 million in short positions were forcibly closed, and the bears became the best "fuel" for the bull market!
Why are a new batch of altcoins surging?
Every time the market starts to move, a new batch of "leaders" emerges—so which coins are currently receiving funds? What do they have in common? If you're still clinging to the popular coins from the last round, you may have already missed the best opportunity...
Key questions arise:
Is this rally a trap or the beginning of a new trend?
Will the market continue to squeeze shorts after the liquidations, or will it pull back for a washout?
Which sector will be the next to rotate?
If you are still trading based on gut feelings, be careful not to become the next "fuel"! Want to know how to capture market trends in advance? You can follow me
