⚠️ Warning: If Ethereum touches its highest levels, $4.65 billion in short trades will be liquidated!
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📢 What's new?
* Data shows that a rise in Ethereum's price to test its all-time high (ATH) at $4,650 will lead to the liquidation of $4.65 billion in short trades.
* This area is known as a "liquidity wall" that could spark a massive price movement.
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💡 Why does this matter?
* This huge volume of short positions indicates that many traders are betting on a decline in Ethereum's price.
* If the price rises, the liquidation of these positions will force traders to buy to close their positions, creating massive buying pressure (Short Squeeze).
* This movement could push Ethereum's price to new all-time highs, as the liquidation acts as fuel for the rise.
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❓ Do you think the market has enough momentum to test Ethereum's all-time high soon?
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