$PUFFER printed a $3.54K short liquidation at $0.03375, showing strong upward momentum as shorts were forced to close. This is a bullish signal, indicating price moved aggressively against bearish positions. Short liquidations often act as fuel for further upside due to cascading stop-outs.

If momentum continues, PUFFER could push higher as trapped shorts exit. However, traders should watch for exhaustion—rapid liquidations can sometimes lead to short-term pullbacks after the squeeze. Overall, this move reflects strength and increasing bullish pressure in the market.