CrediBULL Crypto
CrediBULL Crypto|Aug 19, 2026 22:41
Def going to make one, but think it makes sense to give it a little bit of time here since LTF is so volatile atm. So for now, key takeaway is that this pump thus far has been a MASSIVE short squeeze. This was literally the biggest daily short liquidation on ethereum:native since October 10th. In dollar terms the liquidation on 10/10 was greater, but in terms of ethereum:native, today's liquidation was almost on par with 10/10 with around 350k ethereum:native worth of shorts liquidated on this pump. The reason massive long liquidations often mark local bottoms is because if a majority of levered longs get forcefully liquidated, that forced selling is often peak sell pressure, and so price then naturally rebounds in the other direction shortly after. The same can be applied to massive short liquidations in terms of forming local tops, however. So point being- be cautious here and let the dust settle to see how things develop. If buyers step in to keep momentum up here then we can certainly continue pumping to the upside. But for now, with a massive amount of shorts already liquidated, we probably can't rely on short squeezes to keep carrying us higher. A more in depth video update will follow once I've seen a bit more PA develop.(CrediBULL Crypto)
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