When a thousand stop-losses meet a major buy: ETH story number 1000

In the trading world, there is an interesting phenomenon: when many short-sellers concentrate their positions at the same price level with a strong expectation of a decline, it creates a vulnerable situation. On exchanges, this scenario is often compared to an overloaded boat that can capsize from a sudden movement.

This is exactly what happened with ETH. According to the latest data from February 12, 2026, Ethereum demonstrated a classic case of a stop-loss cascade. One large purchase was enough to trigger a chain reaction of short position liquidations.

The current ETHUSDT price is $1.97K, with a daily increase of +0.71%. The movement was rapid: stop-losses numbered 1000 triggered in a cascade as the price moved higher. This is a classic market mechanism where a large number of small stop-losses set at nearby levels create the conditions for a quick price jump.

Today's situation with ETH fully matches this scenario: precise, swift, like a textbook example of a "squeeze" mechanism triggering on short positions.