NewsMV
Short positioning in $ETH was so crowded ahead of Friday's session that when prices began to lift, the resulting squeeze did the heavy lifting.
Ether surged as much as 8.3% on the day, its largest intraday move in three weeks, while $BTC advanced less than 4%. Both tokens pulled back from their session highs.
Short liquidation flow Coinglass data, cited by Bloomberg, put Ether short liquidations at more than $255 million over the 24 hours through Friday, with $172 million in bearish Bitcoin wagers closed over the same window.
The pace of Ether closures accelerated sharply into the final hour, with Coinglass tracking approximately $188 million in that stretch alone.
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