Is a Crypto Short Squeeze Coming? The ETH Drama Unfolds

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Key Takeaways

Is Ethereum about to trigger a short squeeze?

Over ten billion dollars’ worth of ETH shorts are perched on the edge of the couch cushions, watching the price ticker like a cat watches a laser pointer. If ETH tiptoes toward 4,359, those prayers to the market gods might turn into a chorus of liquidations-think dominoes, but with more leverage and fewer Ikea instructions. 🫠💸

Are traders ignoring bullish signs?

Despite the gloom, the whales have showed up to the party with something resembling optimism, and bearish momentum is fading like a tan after a long winter. 🐳✨

Ethereum [ETH] might be on the edge of something big, and short sellers are sweating, which is never not dramatic when you’re wearing borrowed money.

Over ten billion dollars of ETH shorts are now hanging by a thread-the kind of thread you find on a sweater you bought at the airport. If price breaks toward the 4,359 mark, we could get a liquidation cascade that launches ETH into orbit, minus the NASA coffee budget.

The recent downtrend looks like it’s losing steam, and bullish momentum is rising-like a kid finally getting excited about their long-awaited vacation. 🛫

Where do we go from here?

Fear in the air, but ETH is unfazed

Despite market gloom, Ethereum’s starting to push higher, and that’s not me misreading the mood ring.

Funding Rates stayed negative throughout last week, meaning traders were paying to stay short. That kind of bearish mood often shows up right before a reversal-like the moment you realize you’ve been wearing yesterday’s socks all day. 🧦

And it’s not just the charts; whales are moving too. Just yesterday, Bitmine bought a jaw-dropping 234,846 ETH (worth $963 million), bringing their total stash to over $10.8 billion. If Bitmine had a house, it would probably be a small country by now. 🏠💎

When the market’s leaning bearish and the smart money starts buying, it’s not a sign to nap through the next episode. It’s more like a reminder that the plot twist might be closer than your coffee break. ☕️🌀

$10B in shorts and they’re on thin ice

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2025-10-01 04:11