ENA saw $478,500 in liquidations over the past hour, with shorts accounting for 99.97%. The first to get wiped out in this move were those who chased the shorts.
Short liquidations totaled $478,300, while longs accounted for just $167. Positions are crowded on one side, so when a bounce comes, stop-losses get triggered one after another. Don't mistake a short squeeze for a reversal. If long liquidations pick up over the next hour, the market could turn into a double-sided wipeout.
Do you think ENA's short squeeze will continue?
$ENA
View in real time: https://www.coinboss.com/liquidations