The crypto market saw some serious shake-ups today with major liquidations in the futures space
. A short position in Ethereum ($ETH ) worth $73.6K was liquidated at $2,628.68, showing the impact of bullish momentum overpowering bearish sentiment.
Meanwhile, Dogecoin ($DOGE ) also saw a substantial short liquidation of $58.2K at $0.203—a surprising move for the meme coin, as it joins the rally.
This wave of liquidations highlights the current volatility and potential strength building in the market.
Short traders face steep consequences as bullish pressure tests the resilience of the downtrend.
Is this the start of an upswing, or just a temporary disruption?
Time will tell, but for now, the bulls are back in charge!
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