Large ETH Long Liquidation — $4.68M Loss Signals Near-Term Volatility

I saw AguilaTrades’ 21,000 ETH long position liquidated, producing about a $4.68 million loss. That forced exit likely intensified selling pressure during the decline.

I believe this event underlines elevated leverage and short-term liquidity stress in the ETH market, raising the odds of continued volatility as additional positions unwind.

I’m cautious: I’ll wait for liquidation cascades to subside and for clearer, proven support before adding new leveraged longs, and I’d avoid initiating large positions until market stability improves.