ETH ripped 8.3% Friday, its sharpest intraday move in weeks, on $255M of short liquidations — the first trip above $2,600 in months. Bitcoin shorts got hit too, another $172M wiped out in the same window.
Two days later, ETH is back at $2,520.
That's the tell on squeeze-driven rallies: the move is shorts covering, not new buyers stepping in. Once the leveraged bears are flushed, there's no fresh demand left to hold the level, and price drifts right back toward where it started.
Worth building into signal logic if you're trading breakouts — a $2,600 print backed by $255M of forced covering reads very differently than one backed by spot flow. Are you tagging liquidation-driven moves separately from your models, or treating every breakout the same?
#TokenBot #Ethereum #Bitcoin #TradingSignals $BTC $ETH $TBOT
tokenbot.com
Two days later, ETH is back at $2,520.
That's the tell on squeeze-driven rallies: the move is shorts covering, not new buyers stepping in. Once the leveraged bears are flushed, there's no fresh demand left to hold the level, and price drifts right back toward where it started.
Worth building into signal logic if you're trading breakouts — a $2,600 print backed by $255M of forced covering reads very differently than one backed by spot flow. Are you tagging liquidation-driven moves separately from your models, or treating every breakout the same?
#TokenBot #Ethereum #Bitcoin #TradingSignals $BTC $ETH $TBOT
tokenbot.com
