$ETH is around $2,060, and honestly, I'm more interested in how buyers react here than in the liquidation headlines
We just saw a massive ETH long worth $118.4M get liquidated on Hyperliquid, reportedly leaving the trader with a loss of around $44.8M. That's a painful reminder of what excessive leverage can do.
But here's what caught my attention: another whale reportedly spent $9.08M buying 4,312 ETH around $2,106
So we have forced liquidations on one side and large-wallet buying on the other. I wouldn't call this a confirmed bottom yet, but it makes the $2,035–$2,080 area worth watching
My plan is not to catch a falling knife. I'd rather wait for ETH to reclaim $2,105 and hold that level before considering a long.
Entry: $2,105–$2,120 after confirmation
TP: $2,170 / $2,220
SL: $2,050
If ETH reclaims $2,170, the recovery could become more convincing. But if $2,035 breaks, I'll forget the long idea and wait for a better setup
One whale buying doesn't guarantee a reversal. I want price to prove that buyers are finally taking control
We just saw a massive ETH long worth $118.4M get liquidated on Hyperliquid, reportedly leaving the trader with a loss of around $44.8M. That's a painful reminder of what excessive leverage can do.
But here's what caught my attention: another whale reportedly spent $9.08M buying 4,312 ETH around $2,106
So we have forced liquidations on one side and large-wallet buying on the other. I wouldn't call this a confirmed bottom yet, but it makes the $2,035–$2,080 area worth watching
My plan is not to catch a falling knife. I'd rather wait for ETH to reclaim $2,105 and hold that level before considering a long.
Entry: $2,105–$2,120 after confirmation
TP: $2,170 / $2,220
SL: $2,050
If ETH reclaims $2,170, the recovery could become more convincing. But if $2,035 breaks, I'll forget the long idea and wait for a better setup
One whale buying doesn't guarantee a reversal. I want price to prove that buyers are finally taking control
