$GPS S Short Liquidation: $25.548K Wiped Out at $0.03652 – The Biggest Short Squeeze Yet?
The crypto market just saw a massive liquidation event as a $25.548K short position on $GPS S got completely obliterated at $0.03652! This is one of the biggest liquidations we've seen recently, and it's sending shockwaves through traders.
Was this a whale-induced short squeeze? A liquidity trap? Or the start of an even bigger breakout? Let’s break it all down!
What Just Happened?
A short liquidation occurs when traders bet against a crypto asset, expecting the price to fall. But when the price moves in the opposite direction, these traders get rekt, and their positions are forcefully closed by the exchange.
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