$113 MILLION IN CRYPTO SHORTS JUST GOT ERASED โ BUT ETH HAS A MUCH BIGGER LIQUIDATION WALL AHEAD ๐
Something important happened in the market today.
Over the latest 24-hour window, roughly $138M of leveraged crypto positions were liquidated โ about $113M of them were SHORTS. Bitcoin shorts alone accounted for about $57M, while ETH shorts contributed roughly $24M. The largest single reported liquidation was a $5.63M ETHUSDT short on Binance.
That imbalance matters.
When shorts are forced closed, exchanges effectively buy back the asset. Enough liquidations clustered together can accelerate an upside move โ the classic short-squeeze feedback loop.
And ETH is sitting near a much larger potential battleground.
Current liquidation mapping cited by Binance News indicates that a move above roughly $2,815 ETH could expose around $497M of short liquidations, while a fall below roughly $2,574 could expose a similar ~$497M long-liquidation pool.
So Iโm not looking at ETH as simply โbullishโ or โbearishโ here.
Iโm watching which side gets hunted first.
๐ฅ Above $2,815 โ SHORT LIQUIDITY becomes the story
๐ฉธ Below $2,574 โ LONG LIQUIDITY becomes the story
Meanwhile Bitcoin is trading around $86K, helped by weaker U.S. jobs data reducing expectations for additional Fed tightening.
The crowd is watching price. Master CX is watching where the leverage is trapped. ๐
Save these ETH levels: $2,815 / $2,574.
Whichever breaks could tell us where the next violent move begins.
โ Master CX
#ETH #bitcoin #CryptoLiquidations
Something important happened in the market today.
Over the latest 24-hour window, roughly $138M of leveraged crypto positions were liquidated โ about $113M of them were SHORTS. Bitcoin shorts alone accounted for about $57M, while ETH shorts contributed roughly $24M. The largest single reported liquidation was a $5.63M ETHUSDT short on Binance.
That imbalance matters.
When shorts are forced closed, exchanges effectively buy back the asset. Enough liquidations clustered together can accelerate an upside move โ the classic short-squeeze feedback loop.
And ETH is sitting near a much larger potential battleground.
Current liquidation mapping cited by Binance News indicates that a move above roughly $2,815 ETH could expose around $497M of short liquidations, while a fall below roughly $2,574 could expose a similar ~$497M long-liquidation pool.
So Iโm not looking at ETH as simply โbullishโ or โbearishโ here.
Iโm watching which side gets hunted first.
๐ฅ Above $2,815 โ SHORT LIQUIDITY becomes the story
๐ฉธ Below $2,574 โ LONG LIQUIDITY becomes the story
Meanwhile Bitcoin is trading around $86K, helped by weaker U.S. jobs data reducing expectations for additional Fed tightening.
The crowd is watching price. Master CX is watching where the leverage is trapped. ๐
Save these ETH levels: $2,815 / $2,574.
Whichever breaks could tell us where the next violent move begins.
โ Master CX
#ETH #bitcoin #CryptoLiquidations
