🔥$ENA just reminded the market what happens when shorts overcrowd a move.
In the last 24H, total liquidations reached $8.70M, with shorts taking the bigger hit at $5.00M versus $3.70M in longs. The same pattern shows up across 12H, 4H, and 1H too.
That usually tells me one thing: short-side pressure has been getting punished, and momentum is still leaning against late bears.
In the last 24H, total liquidations reached $8.70M, with shorts taking the bigger hit at $5.00M versus $3.70M in longs. The same pattern shows up across 12H, 4H, and 1H too.
That usually tells me one thing: short-side pressure has been getting punished, and momentum is still leaning against late bears.
