According to Crypto Rover (@rovercrc), the $ETH short squeeze begins today, indicating potential upward price pressure as short sellers may be forced to cover their positions.

According to Mihir (@RhythmicAnalyst), current market conditions suggest that short positions are at high risk of liquidation. This implies a potential upward pressure on asset prices as shorts cover their positions, leading to increased volatility in the market.

According to Pentoshi, there is a target of $1.3 billion or more required to reacquire Ethereum, especially if price increases necessitate additional funding to achieve the same Ethereum holdings. This suggests potential upward pressure on Ethereum's price, which traders should monitor closely.

According to Skew Δ, the Bitcoin market is experiencing aggressive selling pressure, though current sell volume is not significant. Long positions are being liquidated under price pressure, while passive buyers are attempting to absorb the selling activity.