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Zeeeshu
Don’t rush to bottom-fish. ETH’s drop from $2,600 to $2,500 looks less like a retracement and more like a liquidity trap.
After CPI, ETH surged 6.5% from $2,437 to $2,667, triggering $750M+ in liquidations, including $297M in ETH shorts.
The squeeze was brutal. Now, was $2,600 a breakout—or a trap?
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