Large $119K ETH Long Liquidated at $4,427 — Short-Term Bearish Signal

I observed a large Ethereum long position — $119,000 — was liquidated at $4,427.15.

I see this as a sign of short-term bearish pressure and potential for increased intraday volatility as forced selling hits nearby liquidity.

I would be cautious: I’m not adding new long exposure until price shows clear stabilization or support confirmation, and I’m tightening risk controls if already invested.