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ETH Longs Squeezed: $2.98M Liquidated at $4,400

I saw a large short-term event: approximately $2.98M in ETH long positions were liquidated at $4,400.

I view this as a classic long squeeze that increases near-term volatility and suggests selling pressure around the $4.4k area.

I'm monitoring price action closely and I won't add new long exposure until we see clear support or a washout that lowers risk.

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Analysis

The $2.98M liquidation at $4,400 likely amplified downside momentum and indicates that many leveraged longs were clustered near that level; this can create immediate resistance and fast moves if follo...

Recommendation

Watch price and volume for confirmation of direction; avoid initiating new long positions until support is established or consider buying on weakness with strict risk controls.

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.

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