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Ethereum (ETH) Nears $4K as Liquidations Surge Past $400M—Bears Left Reeling
Ethereum (ETH) Nears $4K as Liquidations Surge Past $400M—Bears Left Reeling
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Crypto carnage hits overdrive as ETH bulls bulldoze toward $4,000.
Liquidations skyrocket past $400 million—short sellers caught in the meat grinder.
Here’s how the dominos fell…
Leverage gets wrecked: The higher ETH climbs, the more overextended positions get vaporized. Traders betting against this rally? Toast.
Market mechanics 101: When a rocket ship leaves orbit, it doesn’t stop to pick up stranded bears. (But hey, at least Wall Street’s ‘risk managers’ will pretend to care after the fact.)
What’s next? Either a glorious march to new highs—or the mother of all squeezes. Place your bets.
Liquidations, Source: CoinGlass
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