ETH $109K Short Liquidation at $4,616.90 — Short Squeeze, Watch for Follow-Through
I note a $109K short liquidation in ETH executed at $4,616.90 — a clear short-squeeze event that pushed forced buying into the market.
I'm treating this as a bullish micro-event but not definitive trend reversal: confirmation via sustained volume and price follow-through above $4,600 matters more than the single liquidation print.
Analysis
Recommendation
I favor a cautious buy stance: consider initiating or adding small long exposure if price sustains above $4,600 on higher volume, otherwise wait for a cleaner pullback to buy on weakness.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.