Ethereum: $77K Longs Liquidated at $4,604 — Short-Term Selling Pressure
I noticed a $77.1K long liquidation in ETH executed at $4,604.33. The trade indicates a forced unwind of leveraged long positions around that price.
I view this as a near-term sign of selling pressure rather than a decisive trend shift — the size is material for intraday flow but small relative to the broader market. It likely reflects stop triggers and a short-term liquidity grab.
I will monitor price action, volume and funding rates before changing my stance; I won’t add aggressive new longs solely based on this liquidation print.
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