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$ETH Short positions completely wiped out? Brothers who shorted around 1630, come quickly to get your escape plan!
Brothers, that bullish candle on ETH, did it just leave you stunned for chasing shorts around 1630? The one-hour chart has been sideways and oscillating from 1662, still pressing above 1660! Even more terrifying—main players are brewing a big short squeeze!
Just released today, a major data point: the Ethereum perpetual contract open interest on a certain exchange hit a new all-time high, over 3.3 million ETH! The taker buy/sell ratio has risen from 0.95 back to 1.0, indicating the selling side is ending dominance, and buying power is returning. You think 1662 is the top? The main players have just started accumulating!
Looking at the technicals, the 1-hour candlestick has been consecutively closing with lower shadows, strong support below. MACD is about to cross bullish; once volume breaks through the previous high, short liquidations will trigger like a domino effect! What are you going to do to hold your short at 1630?
Brothers caught in a trap, listen up: stubbornly holding = fueling the bulls. Open interest hits a new high, but the price is still low—this is a typical “main players building positions + retail shorting” pattern. Once it starts, you won’t even have a chance to stop loss!
If you’re trapped, you can share your position, and Gongming will teach you how to get out! #美国5月CPI创三年新高 #美伊冲突升级