Explosive $XLM Short Liquidation Ignites Market Surge
A massive $1.1623K short position on $XLM was liquidated at $0.39819, triggering a powerful rally that has sent shockwaves through the crypto market.
This liquidation highlights the brutal volatility of the crypto world, where short squeezes can spark explosive price movements in an instant.
The $0.39819 level marked a critical pivot, with bulls capitalizing on the squeeze to drive prices higher.
The magnitude of this liquidation suggests that momentum could continue to build, potentially leading to further upside or more market turbulence.
For traders, this event serves as a stark reminder of the risks of shorting volatile assets.
As $XLM surges, the question remains—can the bulls maintain control, or will the bears regroup for a counterattack?