$RED SHORTS OBLITERATED!
The market just claimed another victim as $1,960 in short positions got LIQUIDATED at $0.57648! The bears stood no chance, and their positions were wiped out in seconds!
The Setup:
Short sellers were betting on RED to drop, confident in their positions—but they underestimated the market’s strength. As price surged, the pressure mounted, and then... BOOM! Liquidation hit like a wrecking ball!
What This Means:
1; More Fuel for the Bulls – Liquidations force short sellers to buy back at higher prices, pushing RED even higher!
2 Short Squeeze Incoming? – If bears keep getting crushed, we might see a chain reaction leading to an even bigger breakout!
Bears on the Run – Panic is setting in. More short sellers are at risk, and any move higher could send them scrambling to cover!
What’s Next?
stand before getting completely wrecked?
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