Ethereum Short-Term SHORT and LONG Liquidation Pressure Has Ended

$ETH Short liquidations experienced very strong spikes particularly around February 25 and March 3–4. During these periods, short positions were forcefully closed and the price showed sharp upward movement simultaneously. However, there is a significant change in the recent portion of the chart. Short liquidations have decreased noticeably. The last day in particular shows very low levels (approximately 700). This means there are no large short positions left to be squeezed in the market. This also means there is no reason to push the price upward to close short positions in the short term.
#ETH Regarding long liquidations, there were very significant long liquidations in mid-February (around 7K). Several spikes are also seen in early March. However, in recent times, long liquidations have also entered a downtrend. In the last day, liquidations are observed at approximately 1K. This means there are also no aggressively liquidated long positions in the market. In other words, downward forced selling pressure is not strong at the moment.
In the current situation, #Ethereum's short squeeze period has largely ended. The long squeeze already occurred in previous weeks. Liquidation volume is declining on both sides. Investors are afraid to take positions.
The market is now moving away from forced liquidation-driven movements and returning to normal price action.
In recent days, as the price rises while short and long liquidations decrease, it means the price movement is occurring through spot buying without liquidation pressure. For this reason, we can say the direction is upward in the short term. However, this does not mean a trend change. We can consider it as a correction of the decline rather than a reversal.
⚠️ #not an advertisement or investment advice. The analysis is my personal opinion. It is not definitive.