A massive long position on $ETH may be nearing a critical liquidation point.
Futures position data shows that a whale holding 98,089 ETH, worth $252.3 million, has open long positions with two potential liquidation points at $2,446.48 and $2,424.47.
As long as the price stays above these levels, the position remains open. But a break below them could trigger a forced liquidation, adding selling pressure to the market.
These levels are being closely watched because they could precede sharp price moves or quick rebounds.
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$ETH
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Futures position data shows that a whale holding 98,089 ETH, worth $252.3 million, has open long positions with two potential liquidation points at $2,446.48 and $2,424.47.
As long as the price stays above these levels, the position remains open. But a break below them could trigger a forced liquidation, adding selling pressure to the market.
These levels are being closely watched because they could precede sharp price moves or quick rebounds.
Press $ETH to trade
$ETH
Others have already followed. Visit my profile and stay with those who read before the news spreads.