$ETH Positions getting taken out during this illiquid low volume Sunday. (1 minute chart to be able to show what's happening). There's quite a bit of pre-positioning into FOMC next week and during weekends those positions are easy to take out. Some shorts coming in on $BTC as

What happened

On a low-volume Sunday, ETH positions were forcibly closed due to illiquid trading, while some short positions, which are bets that prices will fall, were opened on BTC ahead of the FOMC meeting next week.

Confirmed

Global impact / market context

Thin weekend trading can exaggerate price moves, forcing traders to sell assets to cover borrowed money, which may increase volatility. Pre-positioning for the FOMC, where interest rates are set, could affect crypto prices and investor confidence.

Analyst inference

Low volume often means fewer buyers and sellers, making it easier for large orders to swing prices. This can impact short-term traders and those using borrowed funds, potentially leading to wider price swings in BTC and ETH until the FOMC decision.

Analyst inference

What to watch

1. Watch whether more ETH positions are taken out during the weekend as trading stays illiquid, which could lead to further forced selling and sharper price drops. Confirmed
2. Monitor how the incoming BTC shorts behave after the FOMC announcement, as they may be closed or extended depending on the policy decision and market reaction. Proposed
3. Expect higher volatility in both BTC and ETH around the FOMC, as traders adjust positions, but actual direction will depend on the interest rate outcome and guidance. Analyst inference

Affected assets

• BTC — Bitcoin
• ETH — Ethereum

Evidence

• x.com