buy
Ethereum Short Squeeze: $6.2M Short Liquidated at $4,774 — Bullish Momentum
I saw a large short on Ethereum liquidated at an average price of $4,773.91, totaling about $6.2M. That level of short liquidation often produces immediate upside and confirms strong buying pressure.
I'm interpreting this as a bullish signal for ETH in the near term, though it will likely increase volatility. I'll watch for follow-through and consider adding exposure on disciplined entries.
Source available for registered users Sign Up Free
Analysis
A ~ $6.2M short liquidation at ~$4.77k removes significant short-side pressure and likely triggered a short-covering rally. Expect higher intraday volatility and potential continued upside if buyers f...
Recommendation
I'm bullish here and would consider buying ETH with size scaled to risk—prefer entries on minor pullbacks or confirmed continuation above key resistance. Use stops and position sizing to manage volati...
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.