๐ ETH Bears in Trouble $180M+ Liquidated in 24H!
Bears betting against $ETH are feeling the heat. The price surged from $4,000 to $4,200 in just a day, fueled largely by massive short liquidations. In the past 24 hours alone, over $180 million in ETH positions have been wiped out.
Key takeaways for traders:
๐น Short Squeeze in Action Bearish bets are backfiring.
๐น Momentum Building Liquidations push price higher, forcing more shorts to close.
๐น Path to New ATH? With momentum this strong, a break past previous highs feels within reach.
The market is feeding off this liquidation loop shorts get burned, price spikes, more shorts get burned again. Traders riding the wave should watch for potential resistance near ATH zones but keep eyes open for a blow-off rally if liquidations continue.