Large ETH Long Liquidation at $4.4k — Short-Term Weakness Likely
I note a large ETH long position was liquidated, with an average entry around $4,426.31 and a notional size of about $2,965,778. The trade was executed by bots tagged @bpay_group.
This sizeable liquidation likely added short-term selling pressure and increases volatility around the $4.4k area. I view this as a warning sign for near-term upside continuation.
Analysis
Recommendation
I recommend avoiding new long entries for now and monitoring price reaction around $4.2k–$4.5k; consider waiting for stabilizing volume or confirmed support before buying.
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.