$C98 nudged up to $0.0209, forcing a $1.0086K short position to exit. It wasn’t a sudden spike, just a quiet shift that caught traders leaning a bit too heavily on the downside.
It’s like giving a lightly loaded cart a small push it doesn’t go far, but it’s enough to change the balance. Short liquidations at this level often show positions stretched just enough for the market to gently correct.
The move was subtle but meaningful for those involved. Do you see this as a minor squeeze, or a hint that sellers might pause before testing the market again?
C98
0.0262
+1.15%