$BitMine Immersion Technologie

$BitMine Immersion Technologies Inc.(BMNR)$ Ethereum’s Downside Liquidity Fully Absorbed: Short Squeeze Ahead?

Ethereum is nearing a setup where downside risks look largely exhausted, raising the odds of a sharp squeeze higher.

CryptoQuant data shows that liquidation activity has cooled after months of turbulence. Most clusters of downside liquidations have already been absorbed, leaving far fewer targets below the current price.

By contrast, sizable liquidation pools sit above, meaning even a modest rally could trigger cascading short liquidations.

At the same time, the Taker Buy/Sell Ratio hovers just under 1.0, reflecting persistent sell pressure.

Historically, when this metric bottoms and reverses, Ethereum has often staged powerful rebounds.

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