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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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Analysis

The $77.1K long liquidation at $4,604 likely represents an intraday leveraged unwind and stop cascade rather than a structural reversal. It's a modest-sized event relative to ETH liquidity, so watch o...

Recommendation

Consider this informational: avoid initiating large long positions until price shows stabilization or a clear retest of support. Traders may watch for buy-on-weakness opportunities if broader liquidit...

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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