Large ETH Short Liquidation at $4,788 — Short-Term Bullish Pressure
I observed a large short position on Ethereum liquidated at an average price of $4,788.44, totaling about $760,773 and executed by trading bots linked to bpay_group.
I view this as a short squeeze that likely created temporary upward pressure and removed some leveraged bearish exposure, but it does not by itself confirm a sustained trend change without follow-through volume and macro confirmation.
I'm watching price action around recent support and resistance; I would prefer to buy on a validated pullback or after a confirmed breakout while keeping tight risk controls.
Analysis
Recommendation
Watch price action for confirmation; consider buying on weakness near validated support or after a clear breakout, and use strict position sizing and stop-losses due to potential volatility.
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.