ETH Short Squeeze: $506K Liquidated at $4,619 — Watch for Follow‑Through
I observed an ETH short liquidation of $506K executed at $4,619.73. This was a clear short squeeze event that pushed price upward briefly.
I'll monitor volume, on-chain leverage and price structure for confirmation before increasing exposure. Single large liquidations can create short-term momentum but don't guarantee a sustained trend.
Analysis
Recommendation
Watch price action and leverage metrics; wait for confirmation (sustained volume-backed rally or clean structure change) before adding longs, or size positions conservatively if trading the bounce.
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.