🔥 ETH DEFIES THE DUMP — BULLS HOLD THE LINE ABOVE $3,700
While the crypto market slid over 5%, Ethereum surged 2.4% to $3,719, signaling strength amid broad weakness. Analysts link the move to a massive short squeeze and strategic whale behavior.
💥 Nearly $160M in short liquidations on Binance pushed $ETH higher, following $195M at the $3,500 level — triggering a squeeze-driven rally.
🐋 Meanwhile, whales moved $300M in $BTC into exchanges, likely to sell, while $300M in stablecoins exited platforms — signaling caution and limited new capital.
📉 Experts warn that if fresh inflows don’t follow, a pullback could emerge — though leverage remains low, suggesting any correction may be shallow.
ETH’s resilience while the rest of the market bleeds is a signal: momentum remains with the bulls — but watch for liquidity clues.