The ETH short sellers can’t hold on any longer, and some are starting to retreat!!!
Data shows that the big player who shorted ETH with 25x leverage on Hyperliquid has quietly closed about 18,300 short positions and currently still holds 23,537 positions, with a market value of $5,928,000.
The opening price was $2,514, and the liquidation price is $2,540.7—this price is really not far off, it could break with just one push.
Short-term sentiment is starting to shift, even the high-leverage short sellers are reducing positions to save themselves. If the bulls push just a little more, it could trigger a chain liquidation. Pay attention to the strength transition in the market, and don’t go against the trend while the bears are scrambling to escape—when the market comes, the bullets need to be chambered first.
