Ethereum longs liquidated at $4,719 — short-term bearish pressure
I observed a large long liquidation on ETH executed by trading bots. The average liquidation price was 4,719.16 USD and the total size was about $197,568.
This suggests short-term selling pressure and elevated volatility as stop-losses were flushed. I expect caution until price stabilizes above recent support levels.
Analysis
Recommendation
I recommend avoiding new long positions until price shows clear support and lower volatility; consider reducing exposure or using defensive sizing and stop loss placement.
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.