ETH Short Sellers Get Squeezed as $238 Million in Positions Are Liquidated

Three Things to Know A wave of ETH liquidations hit short sellers hardest when the post-election sell-off reversed. Ether now sits right on its 50-day average, with momentum quietly turning toward buyers. The real test lies overhead, where sellers turned the price back once before. Ether short sellers took heavy losses this week as crypto rebounded from a post-election sell-off. Liquidation data showed bearish bets made up most of the positions wiped out in a single day. That forced buying gave ETH a sharp bounce after a weak month. Traders now want to know whether spot buyers step in once the squeeze runs out, or the price drifts back toward its range lows.

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