[Analysis] "Ethereum, downside liquidity exhausted…short-term short squeeze possible"

Ethereum (ETH) futures market has seen downside liquidity exhausted, raising the possibility of a short-term short squeeze (a phenomenon in which short positions are massively liquidated).

On the 29th (Korean time), CryptoQuant contributor 'XWIN RESEARCH JAPAN' wrote in a report, "After recent months of volatility, both long·short positions have been largely liquidated," and analyzed, "Only large short positions above the current price remain."

The contributor explained, "In the current situation, even a small price increase could trigger cascading short liquidations and lead to a sharp upward move."

They added, "Selling pressure is still stronger in the market, but if the indicator reverses, Ethereum could see a strong rebound."