$1950 ETH Price Target Triggers Massive Short Position Closure on KuCoin

KuCoin has released an update regarding short positions on Ethereum (ETH) that could trigger when the price reaches $1950.

The exchange warned users about a large amount of short positions that would be automatically closed if ETH hits this target, potentially leading to significant losses for those who have taken these positions.

KuCoin has not provided any specific details on how this situation will unfold or the potential impact on the Ethereum market.