ETH’s surge is testing a pivotal resistance, with nearly $6B in shorts at risk. A decisive close above $3,000 could ignite the real bull run, accelerating liquidations and sparking rapid price discovery.
Quick liquidation of MITO shorts triggered a violent short-covering wave, driving abrupt price swings and liquidity squeezes. Traders scramble to recalibrate risk amid concentrated positions and thin order books.
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.
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.
Bitcoin is poised for a significant price shift as a “massive short squeeze” looms and BTC dominance rebounds to 62%. Analysts suggest this could trigger a wave of buying, potentially propelling the cryptocurrency to new highs.