Ethereum Short Squeeze Threat: $1.66B at Risk if ETH Breaks New Record

Ethereum’s price surge towards a potential new all-time high has triggered concerns about a significant short liquidation event, potentially impacting the cryptocurrency market in a major way. According to analyst Lark Davis, over $1.66 billion worth of Ethereum short positions are at risk of closure if ETH hits its record-breaking level. This situation could trigger a ‘short squeeze’ effect, pushing prices higher and accelerating further liquidations. While ETH’s proximity to its all-time high fuels bullish speculation, the potential for explosive market action makes this an event worth watching.