💥BRUTAL💥
🚀#Ethereum could be on the verge of a SUPPLY IMPACT combined with a SHORT SELLING SQUEEZE
👉SUPPLY IMPACT
🔹The amount of $ETH on exchanges has reached a 9-YEAR LOW
🔹ETH reserves on all exchanges decreased to 18.95 million
🔹Less supply is favorable for the price. If demand significantly exceeds supply, this could generate a SUPPLY IMPACT
🔹A supply impact occurs when the availability of an asset in the market is drastically reduced
🔹This can lead to an increase in its value if demand remains or grows.
🔹In the case of ETH, the decrease of the amount on exchanges to a 9-year low indicates that fewer people are interested in selling
👉SHORT SELLING SQUEEZE
🔹Traders have created the LARGEST amount of leveraged short positions in the HISTORY of Ethereum
🔹There are $11.3 TRILLION in short positions
🔹A short selling squeeze occurs when there is an extremely high volume of short positions and suddenly the price begins to rise
🔹This forces traders who opened those positions to buy back Ethereum to close their shorts and avoid greater losses.
🔹This triggers a domino effect where FORCED buying pushes the price even higher.
📍Additionally, the $ETH spot ETFs, so far this month, have recorded inflows 7 times greater compared to the previous month
📍The supply impact combined with a short selling squeeze could ELEVATE the price of #Ethereum
For more interesting news about cryptocurrencies and more, follow me, I am criptorex 🦠
YT: criptorex 🦠
$ETH
🚀#Ethereum could be on the verge of a SUPPLY IMPACT combined with a SHORT SELLING SQUEEZE
👉SUPPLY IMPACT
🔹The amount of $ETH on exchanges has reached a 9-YEAR LOW
🔹ETH reserves on all exchanges decreased to 18.95 million
🔹Less supply is favorable for the price. If demand significantly exceeds supply, this could generate a SUPPLY IMPACT
🔹A supply impact occurs when the availability of an asset in the market is drastically reduced
🔹This can lead to an increase in its value if demand remains or grows.
🔹In the case of ETH, the decrease of the amount on exchanges to a 9-year low indicates that fewer people are interested in selling
👉SHORT SELLING SQUEEZE
🔹Traders have created the LARGEST amount of leveraged short positions in the HISTORY of Ethereum
🔹There are $11.3 TRILLION in short positions
🔹A short selling squeeze occurs when there is an extremely high volume of short positions and suddenly the price begins to rise
🔹This forces traders who opened those positions to buy back Ethereum to close their shorts and avoid greater losses.
🔹This triggers a domino effect where FORCED buying pushes the price even higher.
📍Additionally, the $ETH spot ETFs, so far this month, have recorded inflows 7 times greater compared to the previous month
📍The supply impact combined with a short selling squeeze could ELEVATE the price of #Ethereum
For more interesting news about cryptocurrencies and more, follow me, I am criptorex 🦠
YT: criptorex 🦠
$ETH
