$ETH WHALE SHORTS HIT $1.18B – 88% IN PROFIT 🐻
895 whales are sitting on $1.18B in aggregate short positions on $ETH , with 88% currently profitable. That level of concentrated short exposure at a major resistance zone creates a heavy liquidity overhang. If price pushes higher, forced buybacks could accelerate the move. If it fails, the path of least resistance is down.
The question is whether this is the top of a distribution phase or a setup for a short squeeze. What do your charts say about the next direction here?
Not financial advice. Always manage your risk.
#ETH #Shorts #Bearish #WhaleActivity
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895 whales are sitting on $1.18B in aggregate short positions on $ETH , with 88% currently profitable. That level of concentrated short exposure at a major resistance zone creates a heavy liquidity overhang. If price pushes higher, forced buybacks could accelerate the move. If it fails, the path of least resistance is down.
The question is whether this is the top of a distribution phase or a setup for a short squeeze. What do your charts say about the next direction here?
Not financial advice. Always manage your risk.
#ETH #Shorts #Bearish #WhaleActivity
⚡