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Ethereum Cointelegraph

ETH price drop to $3K sets stage for $7B short squeeze if crypto market recovery holds

ETH’s flash crash to $3,050 cleared out $1.3 billion in leveraged long positions, creating a market imbalance with $7 billion in short liquidity. Will a short squeeze send ETH above $4,000?

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

ETH price drop to $3K sets stage for $7B short squeeze if crypto market recovery holds

ETH’s flash crash to $3,050 cleared out $1.3 billion in leveraged long positions, creating a market imbalance with $7 billion in short liquidity. Will a short squeeze send ETH above $4,000?

Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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