Longs just got hunted. $ETH is the fuse.
ETH is sliding through the $2,540s after a one-hour long flush of about $16.5M. A whale’s ~$252M ETH longs sit near liquidation around $2,446–$2,424, and X is tracking an $81.2M 25x long sitting a few dozen dollars from the edge.
Spot ETH ETFs just printed another outflow day (~$160.9M), stretching the streak to seven sessions. BTC is hanging near $82.4k–$82.9k after a market-wide long wipe — Binance led the earlier $256M cascade, ~88% longs.
This is not a bounce signal. It is a leverage reset. Lose $2,420 and the book can gap. Reclaim $2,600 with volume and the squeeze narrative dies.
$ETH $BTC
ETH is sliding through the $2,540s after a one-hour long flush of about $16.5M. A whale’s ~$252M ETH longs sit near liquidation around $2,446–$2,424, and X is tracking an $81.2M 25x long sitting a few dozen dollars from the edge.
Spot ETH ETFs just printed another outflow day (~$160.9M), stretching the streak to seven sessions. BTC is hanging near $82.4k–$82.9k after a market-wide long wipe — Binance led the earlier $256M cascade, ~88% longs.
This is not a bounce signal. It is a leverage reset. Lose $2,420 and the book can gap. Reclaim $2,600 with volume and the squeeze narrative dies.
$ETH $BTC