Short sellers just got squeezed on $OPN — pressure is building.
$OPN has recorded a short liquidation worth $2.2908K at the price level of $0.58141, indicating that bearish positions were forcefully closed as the market moved upward against short traders.
This liquidation event signals that sellers lost control at this level, triggering automatic buybacks that can add fuel to upward momentum. When shorts get liquidated, it often strengthens bullish pressure because those forced exits turn into market buy orders.
The $0.58141 zone is now a key level to watch. Holding above this range could confirm strengthening buyer dominance, while continued liquidations may accelerate volatility and push price toward higher resistance zones.
Short squeezes like this typically reflect growing market imbalance, where aggressive bearish positioning gets punished by sudden upward movement. If momentum continues to build, $OPN could enter a phase of rapid expansion driven by forced liquidations and renewed trader interest.
Market participants should monitor volume and price reaction closely, as liquidation clusters often precede significant directional moves.
#TokenizedRealEstate #WhenWillCLARITYActPass #WriteToEarnUpgrade