Ethereum’s rally intensifies as $6B in short positions near liquidation, stoking volatility across crypto markets. Traders eye the $3,000 mark as leverage unwinds and exchanges brace for rapid price discovery.
Ether, Dogecoin and Bitcoin plunged, triggering roughly $900M in liquidations of bullish derivatives. Sudden volatility forced margin calls and erased leveraged positions, roiling crypto markets.
Ripple bears face a critical threshold: a swift move to $3 could ignite cascading liquidations across leveraged XRP positions. We examine open interest, liquidity gaps, and the potential spillover to broader crypto markets.