【Market Flash】
Ethereum long positions are crowded again—beware of a squeeze in the opposite direction. Data shows that on October 8, more than $177 million in $ETH long positions were liquidated in a single day, the largest long squeeze since early June. A trader flagged on-chain with a 100% win rate re-entered after the downturn, opening a 20x leveraged long position of 12,000 $ETH (about $29.88 million), currently sitting on $626,000 in unrealized profit. The $ETH long/short ratio also climbed back above 1 for the first time in three days. But $ETH is down nearly 8% this week, and if support breaks, technical indicators could point to $2,100—the more crowded the longs, the more likely they are to be hit hard by the next wave of liquidations.
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risk; proceed with caution.
#ETH #Ethereum
（Source: AMBCrypto）
Ethereum long positions are crowded again—beware of a squeeze in the opposite direction. Data shows that on October 8, more than $177 million in $ETH long positions were liquidated in a single day, the largest long squeeze since early June. A trader flagged on-chain with a 100% win rate re-entered after the downturn, opening a 20x leveraged long position of 12,000 $ETH (about $29.88 million), currently sitting on $626,000 in unrealized profit. The $ETH long/short ratio also climbed back above 1 for the first time in three days. But $ETH is down nearly 8% this week, and if support breaks, technical indicators could point to $2,100—the more crowded the longs, the more likely they are to be hit hard by the next wave of liquidations.
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risk; proceed with caution.
#ETH #Ethereum
（Source: AMBCrypto）