$LINK SHORT LIQUIDATION – $1.26K WIPED OUT!
A massive $1.2603K short liquidation just hit at $19.658!
The market just turned on its head, catching short sellers by surprise and propelling Chainlink ($LINK) to new heights.
Bulls are in control—but is this just the beginning of an even bigger surge?
What Just Happened?
Short traders who were betting against link got absolutely rekt as the price surged, triggering a massive liquidation event.
Forced buying from liquidated shorts added fuel to the fire, driving link higher.
Could this be the start of a bigger rally, or is this just a temporary squeeze?
Will $LINK continue to rise, or is a reversal on the horizon? Let’s break it down:
Key Takeaways From This Liquidation Event
Bullish Momentum?
Liquidations often spark powerful upward movements as short sellers are forced to cover their positions.
If bulls keep pushing, link could break past key resistance levels, heading toward $21+.
Fakeout or True Breakout?
Sometimes, these short squeezes are followed by sharp pullbacks. Will link hold its gains, or is a reversal waiting around the corner?
More Liquidations to Come?
If more shorts get trapped and the price keeps climbing, we could see a cascade of liquidations, sending link to new highs.
What’s Next for $LINK?
With this short liquidation, momentum is clearly shifting in favor of the bulls.
$LINK has broken key levels, and if it holds above $19.50, we could see a push toward $21 or even $22.
However, if bears regroup, a fierce battle for dominance at this price point could follow.
What’s your take? Are we looking at a breakout to new highs, or is this a short-term pump before the bears strike back? Drop your predictions below!