Ethereum Faces Heavy Short-Term Liquidations

I observed significant forced liquidations in the last four hours: roughly $56.98M on Ethereum and $19.67M on Bitcoin. These figures point to a short-term spike in deleveraging, with Ethereum taking the larger hit.

I view this as a sign of elevated volatility and potential short-term capitulation among leveraged traders, especially in ETH. The imbalance suggests ETH positions were more crowded or more leveraged than BTC during this move.

I'll be watching order books, funding rates and price action for confirmation before taking directional risk; for now this looks like stress-driven liquidation rather than a clear trend reversal.