A notable liquidation took place for Ethereum $ETH where a short position worth $97.9K was liquidated at a price of $2860.19. This liquidation reflects the volatility within the crypto market where sharp price movements can trigger the automatic closure of short positions. As the price of $ETH rises it puts pressure on traders holding short positions leading to forced liquidations. Such events can contribute to upward price momentum, as the liquidation of shorts often leads to additional buying activity. This highlights the unpredictable nature of the market especially for those engaging in leveraged trading.