🔥 Ethereum nears critical liquidation zone as price approaches $2,300 putting about $1.47B in short positions at risk across major exchanges

📈 A breakout above $2,300 could trigger a short squeeze, forcing large-scale liquidations of bearish bets

⚠️ On the downside, a drop below $2,200 may wipe out around $1.09B in long positions through cascading liquidations

💰 Derivatives data highlights extreme leverage buildup, increasing volatility risk in both directions for ETH traders

📊 Market structure shows a tight liquidation range, meaning small price moves could trigger large forced liquidations.
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ETH
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