Ethereum Short Squeeze Erupts as Strait of Hormuz Reopens, $24M in Shorts Liquidated in One Hour

TLDR: Binance recorded over $1.72B in Ethereum derivatives buy volume within a single hour after the announcement. Around $24M in ETH short positions were liquidated on Binance during the one-hour post-announcement window. Ethereum funding rates stood at -0.004%, confirming most traders were heavily short before the squeeze began. Markets remain highly reactive to U.S.-Iran headlines, [...]

The post Ethereum Short Squeeze Erupts as Strait of Hormuz Reopens, $24M in Shorts Liquidated in One Hour appeared first on Blockonomi.