A whale just lost $24 million on a 50,000 ETH short in 12 seconds.
The position, pension-usdt.eth, force-liquidated as ETH surged 17.5%. Five separate liquidation orders pushed the price higher, feeding the rally.
This is the kind of short squeeze that clears the path. The market absorbed a massive sell order, not from new bids, but from a forced exit. RSI at 80, price above EMA20 and EMA50: this move has legs.
The only question: do new shorts step in before 2334 breaks?
$ETH $USDT
The position, pension-usdt.eth, force-liquidated as ETH surged 17.5%. Five separate liquidation orders pushed the price higher, feeding the rally.
This is the kind of short squeeze that clears the path. The market absorbed a massive sell order, not from new bids, but from a forced exit. RSI at 80, price above EMA20 and EMA50: this move has legs.
The only question: do new shorts step in before 2334 breaks?
$ETH $USDT