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Large ETH Long Liquidated at $4,378 — Short-Term Bearish Signal
I saw a $146,000 ETH long get liquidated at $4,378.38. That level triggered forced selling and likely increased short-term downside pressure.
I view this as a warning sign for near-term volatility rather than a clear trend reversal; liquidity events like this can cascade but often resolve once orderflow calms.
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Analysis
The $146K liquidation removed leveraged buy-side exposure and likely widened the bid-ask gap around $4,378. This increases the chance of short-term weakness or chop until buyers absorb the selling; ch...
Recommendation
I would watch price action and liquidity around $4,300–4,500, avoid adding new aggressive longs now, and consider entering only after clear support confirmation or on controlled weakness with defined ...
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.