Ethereum $70.6K Short Liquidated at $4,531 — Short Squeeze Signal
I noticed a $70.6K short on ETH was liquidated at $4,531.56, which indicates a short squeeze that removed some bearish exposure near current prices.
I view this as a short-term bullish signal but not proof of a sustained uptrend — I want to see follow-through in volume and price action before increasing exposure.
Analysis
Recommendation
Monitor price and volume for follow-through; avoid chasing this move. Consider entering only after confirmation or using small, sized positions with tight risk controls.
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.