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The whale's short position is about to blow up!
At the $90 million level.
Now only $12 away from liquidation.
This is not an ordinary short.
This is fuel that the entire market is watching!
A whale has opened a short position on ETH worth up to $90 million, but the current price is only about $12 away from his liquidation line.
This position is very dangerous. Once ETH rises a bit more, it could trigger a forced liquidation, which in turn becomes fuel for short squeezing that pushes the price further up.
The shorts are right up against it.
$ETH just one step on the gas.