Ethereum longs liquidated at ~$4.72k — expect short-term weakness
I had a long position in Ethereum that was liquidated. The average fill was $4,719.16 on a total exposure of $197,568 executed by our bots (bpay_group).
This forced deleveraging suggests short-term selling pressure and elevated volatility around current levels. The liquidation size implies stops were clustered near that price, increasing the chance of continued weakness until clear support forms.
I will avoid adding fresh long exposure here and prefer to wait for confirmation of a stable base or a reclaim of higher levels before re-entering.
Analysis
Recommendation
Reduce or avoid long exposure for now; wait for consolidation and clear bullish confirmation before re-entering, or consider risk-managed short/sell strategies if bearish bias is confirmed.
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.