ETH Short Liquidated at $4,750 — Watch for Short-Squeeze Aftermath
I saw a short on Ethereum (ETH) get liquidated with an average price of $4,750.71 and a total size of $147,129. The liquidation was executed by bots associated with @bpay_group.
This removal of short exposure likely created short-covering pressure and a brief upside move. I expect increased volatility around current levels as traders react.
I will watch price action for a clean retracement or confirmation before committing capital.
Analysis
Recommendation
Watch price action and volume for confirmation. Prefer to wait for a pullback or clear continuation signal before taking a long position to avoid buying into a post-liquidation spike.
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.