Bitcoin, Ether set for squeeze as traders go record short ETH at $4.3K

840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzU4OTAtYmRlMy03MmMyLWJjZDMtMzdkM2FkMDRhMGQ4-1

Bitcoin and Ether draw late shorts as price action begins to target liquidation clusters after a cross-crypto price drawdown.

Key points:

Bitcoin attempts a rebound into a cluster of shorts as market expectations flip bearish on BTC and altcoins.

Speculative ETH traders form the largest-ever leveraged short postion, per data from CME Group.

Read more