Latest / The Paul Barron Crypto Show
Epic Ethereum Short-Squeeze Coming?🚀Revenge Pump🔥
Despite the range-bound movement, activity in the Ethereum derivatives market has spiked considerably, with short sellers increasing their positions. The number of short positions on ETH has surged to a historic high. This rise shows that many traders are bearish and anticipating that Ethereum could plunge further. However, this scenario could flip bullish if a sudden surge in ETH price hits a liquidation level that forces short sellers to close their positions, leading to a short squeeze.
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The skinny
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