The $GUN short liquidation you mentioned—$2,657.3K at $0.05811—indicates a significant short position was forcibly closed as the price rose to $0.05811, causing traders betting against GUN to incur losses.
This level of liquidation suggests strong bullish momentum or a short squeeze in the GUN market.
Recent notable $GUN short liquidations include:
$1,193.90 at $0.0551 on April 5, 2025
$1,004.7K at $0.043 on April 10, 2025
These events reflect ongoing pressure on short sellers and potential bullish control in the market.
Short liquidations happen when prices move against short positions, forcing automatic closure to prevent further losses, often fueling rapid price increases.
This mechanism is common in crypto markets and can lead to thrilling price surges as shorts get squeezed out.
In summary, the $2.6573K liquidation at $0.05811 is a large short squeeze event signaling strong upward price action for $GUN , following a pattern of previous significant short liquidations that hint at bullish market sentiment.
