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Ethereum Surges as $262M Short Squeeze Triggers Massive Crypto Liquidation Cascade

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The Story

News Summary

  • Crypto liquidations surpassed $684 million in 24 hours, driven by a massive short squeeze.
  • Ethereum led the cascade with $262 million in forced closures, surging over 4.7% as bears were squeezed amid macro-driven volatility and forced buying across major derivatives exchanges.
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ETHUSD price history

2522.66 +24.47% over the displayed period

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