A $680,000 short position was just liquidated on Binance ETHUSDT at an average price of 2,419.55 USDT, for a quantity of 280.983. $ETH The current price is 2,420.63, up 1.74% over 24 hours, and the liquidation was executed almost right at the current price. The rise pushed through the short’s margin, and short-term buyers have reached this layer of leverage—but a single liquidation of $680,000 is not enough to conclude that the trend has reversed. The price is only about $1 above the average liquidation price. The wipeout has happened; whether the price can pull further away still depends on whether trading volume can sustain it.
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