Ether short sellers on borrowed money just got squeezed. In the last 30 minutes, exchanges liquidated $7.8M of $ETH short positions, closing those bets on a lower price once the traders' collateral no longer covered the move against them.
The long side barely registered. Positions betting on a rise saw $125.5K liquidated over the same half hour.
Both figures are position sizes counted from the raw liquidation streams of the major venues.
The long side barely registered. Positions betting on a rise saw $125.5K liquidated over the same half hour.
Both figures are position sizes counted from the raw liquidation streams of the major venues.
