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ETH $2.98M Long Liquidation at $4,400 — Short-Term Weakness
I noticed a $2.98M long liquidation in ETH executed at $4,400. This was a sizable forced exit that likely amplified short-term selling pressure and volatility.
I’ll monitor price action, order flow and key support levels before initiating or adding to long positions. For now I’m cautious and watching for confirmation of stabilization.
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Analysis
The $2.98M long liquidated at $4,400 suggests a stop-run or cascade that increased downside risk and raised volatility. Watch open interest, funding rates and how price reacts to nearby support to jud...
Recommendation
Remain on watch — avoid initiating new long positions until ETH shows clear support and lower volatility. If you trade, tighten stops and consider waiting for a confirmed rebound or a structured buy-o...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.