A highly leveraged whale’s 4,890 ETH long position was liquidated at $2,356, with a position value of $11.74 million.
$ETH The current price is $2,406, still above the liquidation price. It’s like putting too much of your house up as collateral: a slight wobble in home prices and the bank takes the house first. It’s the leverage that collapses, not the house. Trading volume is down for now, and most people haven’t joined the sell-off.
What really matters is the 30-day low at $2,318. The closer the price gets to that level, the more pressure highly leveraged longs will feel. Watching for more liquidations like this is more useful than trying to guess which way prices will go.
#EthereumFallsBelow2400USDT
$ETH The current price is $2,406, still above the liquidation price. It’s like putting too much of your house up as collateral: a slight wobble in home prices and the bank takes the house first. It’s the leverage that collapses, not the house. Trading volume is down for now, and most people haven’t joined the sell-off.
What really matters is the 30-day low at $2,318. The closer the price gets to that level, the more pressure highly leveraged longs will feel. Watching for more liquidations like this is more useful than trying to guess which way prices will go.
#EthereumFallsBelow2400USDT