ETH Short Liquidated at $4,774 — Watch for Short Squeeze Follow-Through
I noticed a sizable ETH short was liquidated with an average price of $4,774.51 and a total size of about $106,591 (reported by @bpay_group). That forced covering likely produced short-term upward pressure on price.
I see this as a bullish micro-event rather than a confirmed trend change — it can spark a short squeeze but needs volume and follow-through to matter for longer-term positioning.
I'll watch price action and volume closely; only with sustained buying would I consider scaling in, otherwise I remain cautious and avoid chasing volatility.
Analysis
Recommendation
Watch price and volume for confirmation; avoid immediate chasing. Consider entering only after clear follow-through or use a small, risk-managed position if momentum persists.
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.