This is wild.

$ETH pulls back 10% after a 90% rip and suddenly the bears think they won.

Short liquidations are now 9x higher than longs on Ethereum. That's not bearish positioning — that's fuel.

Could we see another leg down? Sure. But the structure says the next big move is up. Stay patient, respect your levels, and don't get shaken out of a winning position.

This is how bull markets work — they climb a wall of worry and liquidate the wrong side twice.