Massive Liquidation of ETH Shorts Looms as Price Nears $4000
Reports indicate that over $1.2 billion worth of Ethereum (ETH) shorts are at risk of being liquidated should the price of ETH surge to $4000. This situation has sparked a frenzy in the crypto market as traders brace for potential significant losses.
Market Reacts to Impending Liquidation
With the looming threat of massive liquidations, the crypto community is closely monitoring ETH’s price movements. Traders are on high alert as the price of ETH hovers near the critical $4000 mark, with the potential to trigger a cascade of liquidations.
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