Ethereum Long Liquidated at $4,725 — $53.7K Wiped Out
I noticed a long position on Ethereum was liquidated at an average price of $4,725.23. The trade size was $53,749, reported by the bots at @bpay_group.
This forced liquidation points to short-term selling pressure and elevated volatility around the $4,700 level. I'll be cautious and watch order flow and support before taking new long exposure.
Analysis
The liquidation of a $53.7k long at an average price of $4,725.23 suggests stop losses were hit and liquidity was taken on the long side, raising downside risk and intraday volatility for ETH.
Recommendation
I recommend watching price action around $4,700 and avoiding new long positions until clear support or a reversal pattern forms; treat this as a cautionary signal rather than a buy trigger.
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.